Main focus: DRB-Hicom says its key focus will be to turn around Proton, starting with the roll-out of the Proton X70 SUV, slated for launch next month.
PETALING JAYA: DRB-Hicom Bhd
suffered a net loss of RM11.42mil for its second quarter ended Sept 30, 2018, compared with a net profit of RM742.60mil in the previous corresponding period, mainly due to lower performance of certain companies in the automotive and services sectors.
In a filing with Bursa Malaysia yesterday, the company said profits in the previous corresponding period ended Sept 30, 2017 included research and development reimbursement grant of RM1.10bil, net of Proton restructuring costs of RM325.47mil.
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