Cycle & Carriage returns to the black with net profit of RM6.5mil in 2Q

KUALA LUMPUR: Cycle & Carriage Bintang Bhd (C&C) posted a net profit of RM6.48mil, or 6.43 sen earnings per share in the second quarter ended June 30, against a net loss of RM1.79mil, or 1.78 sen loss per share in the same period last year.

The distributor of Mercedes-Benz cars in Malaysia saw its revenue jump 32.6% to RM320.58mil from RM241.84mil a year prior.