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”.
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