DRB-Hicom 1Q net loss widens toRM25.74mil

KUALA LUMPUR: DRB-Hicom Bhd's net loss widened to RM25.74 million in the first quarter ended March 31, 2022 (Q1 FY2022) from RM16.96 million in the same period last year, in line with weaker revenue.

Its revenue fell 12.6 per cent to RM3.07 billion from RM3.51 billion previously, dragged down by lower revenue from the automotive, postal, logistics and catering services and properties sectors, the company said in a filing with Bursa Malaysia today.