Bermaz has seen a pick-up in order bookings since the sales tax announcement, with nearly 400 bookings since June 6.
PETALING JAYA: Bermaz Auto Bhd
, Malaysia’s sole distributor of Mazda vehicles, is expected to stage a strong recovery in earnings for the financial year ending April 30,2021 (FY21), boosted by improving sales and margins, and helped by a low-base effect.
The optimistic outlook is shared by several brokerages despite Bermaz’s guidance for a challenging operating environment in FY21, following a washout year in FY20.
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