Proton X70 2020 Logo: “We anticipate Proton Holdings’ financial profile to improve although its debts may exceed RM7bil by end-2024 (end-July 2021: RM5.56 bil), depending on the pace of product launches," RAM says.
KUALA LUMPUR: RAM Ratings is positive on Proton Holdings Bhd’s operating performance and anticipates the national car maker’s financial profile to improve though the debt level may rise depending on the pace of product launches.
“Operating performance is anticipated to pick up steadily, with the group targeting its top line and sales volume to surpass RM10bil and 200,000 units respectively in fiscal 2024 (FY Dec 2020: RM6.08bil and 108,524 units respectively).
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