DRB-Hicom suffers RM306mil net loss in Q2  


KUALA LUMPUR: Conglomerate DRB-Hicom Bhd suffered RM306mil deficit in the second quarter, dragged down by modification loss at Bank Muamalat Malaysia Bhd and lower car sales during the movement control order (MCO) period.

The group’s automotive brands represent some 33% of the total industry volume in Malaysia.

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!

DRB-Hicom , Proton , Bank Muamalat , Pos Malaysia

   

Next In Business News

Dutch Lady’s 3Q24 net profit rises
Bank Negara committed to supporting country’s cash economy
Innovation, collaboration key to drive market resilience
TCS bags Sabah Pan Borneo Highway deal
New launches poised to propel Matrix Concepts
India to sell minority stakes in state banks
Dialog quarterly bottom line rises 14%
Cape EMS registers loss-making third quarter
Eden wins RM20mil govt contract
Beijing says its capital market will continue opening up

Others Also Read