DRB-Hicom returns to the black

In a press release yesterday, the company said the automotive sector’s revenue posted a 59.2% jump year-on-year to RM2.23bil from Proton’s various launches of facelifted models, adding that the group’s sale was boosted from promotions by other marques.

PETALING JAYA: DRB-Hicom Bhd has posted a net profit of RM46.21mil for the first quarter ended June 30,2019 (1Q19) from a net loss of RM66.59 mil a year ago due to improved sales in the automotive sector.

In a press release yesterday, the company said the automotive sector’s revenue posted a 59.2% jump year-on-year to RM2.23bil from Proton’s various launches of facelifted models, adding that the group’s sale was boosted from promotions by other marques.