DRB-Hicom returns to black in 1Q with RM107.91mil net profit


KUALA LUMPUR: DRB-Hicom Bhd returned to the black in the first financial quarter ended March 31, 2023 (1Q FY2023) with a net profit of RM107.91 million against a net loss of RM25.74 million in the same quarter last year.

Revenue rose 33.7 per cent to RM4.10 billion from RM3.07 billion previously following an improved performance in the group’s automotive and banking sectors, the company said in a filing with Bursa Malaysia today.

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