DRB-Hicom to leverage on strong auto sales


Following a meeting with DRB-Hicom management, it noted that Proton Holdings Bhd continued to show a promising performance on the back of rising demand.

KUALA LUMPUR: DRB-Hicom Bhd has a positive outlook, premised on robust automotive sales.

Hong Leong Investment Bank (HLIB) Research said the group posted a strong turnaround of its core profit to RM216.6mil in the fourth quarter of 2021 (4Q21) compared with RM6.9mil in 4Q20, driven mainly by the automotive segment.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Proton , DRB-Hicom , Honda , sales , Pos Malaysia ,

   

Next In Business News

High expectations
The global port race: Will Malaysia keep up?
Divergent views on economic prospects
Uplifting local agriculture
Addressing the ripple effect of higher wages
Identifying opportunities for 2024
India economy to exceed growth estimates
OCBC sues money laundering suspect for US$15mil
Asia factory activity weakens, uncertainty on China clouds outlook
Results on track

Others Also Read