Lower profit for MBM

Both the motor trading and auto parts manufacturing divisions recorded lower contributions due to the government-mandated shutdown.

KUALA LUMPUR: MBM Resources Bhd’s net profit in the first quarter ended March 30,2020, declined 45% from the same quarter last year to RM27.23mil as the movement control order disrupted its business operations.

The group said in a filing with Bursa Malaysia that revenue from its continuing operations fell 27.9% year-on-year (y-o-y) to RM374mil.