DRB-Hicom 9M core net loss worse than expected


Proton also needs to develop a solid business plan.

KUALA LUMPUR: DRB-Hicom’s core net loss of RM339mil in the nine months ended Dec 31, 2016 was worse than CIMB Equities Research’s and consensus expectations due to wider-than-expected losses in the auto division.

As a result, DRB-Hicom reported a wider core net loss of RM339mil in 9MFY17 vs. RM145mil a year ago, “which was worse than our and consensus expectations”.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Shedding light on power sector prospects
Reaping the Max from streaming
Singapore playing roulette with casino licensing
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Bidding big on Malaysian art
Inflation rises slightly in October
EQ expands to Thailand
Capitalising on future trade tariffs
Importance of adapting global brands to local sensitivities

Others Also Read