MBM posts RM5.2mil Q2 loss

The autopart distributor said this was in tandem with the 53.7% decline in revenue to RM258.6mil for 2Q20 from RM558mil previously. MBM said this was mainly contributed by the movement control order and reduced customer demand.

PETALING JAYA: MBM Resources Bhd slid into a RM5.2mil net loss for the second quarter (Q2) ended June 30,2020, from a net profit of RM74mil in 2Q19.

The autopart distributor said this was in tandem with the 53.7% decline in revenue to RM258.6mil for 2Q20 from RM558mil previously. MBM said this was mainly contributed by the movement control order and reduced customer demand.