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PETALING JAYA: Loss-making Mudajaya Group Bhd expects to start seeing a turnaround in its fortunes by as early as the third quarter of its current financial year ending Dec 31 as it seeks to fix its Indian venture.
Improving the national car quality and rectifying past misconceptions will be the main drivers of the proposed turnaround plan drawn up for Proton Holdings Bhd, says former Prime Minister Tun Dr Mahathir Mohamad.
Shares of Malaysian Airline System Bhd (MAS) rose in very active trade ahead of its proposed rights issue of RM3.10bil while analysts expect a turnaround in the current financial year.
PETALING JAYA: The turnaround of Proton Holdings Bhd under DRB-Hicom Bhd is expected to take longer than expected as the national carmaker continues to bleed red ink and see its market share shrink.
LONDON: Britain’s Marks & Spencer (M&S) reported a 10% fall in full-year profit, a third straight decline, along with falls in quarterly underlying sales of both clothing and food, showing the pain of its latest attempt at a multi-year turnaround.
KLANG: Perusahaan Otomobil Nasional Sdn Bhd (Proton) is aiming for a turnaround in its operations by the year 2020. It doesn’t see Perodua as a competitor moving forward, but Honda.
KUALA LUMPUR: Oil and gas (O&G) exploration and production company Reach Energy Bhd is expecting a turnaround by the end of this year on higher oil prices.