DRB-Hicom profit rose 125%
Filed Under (Business News) by Webmaster on 02-03-2010
DRB-HICOM Bhd registered a 125.7% rise in net profit to RM103.53mil for the third quarter ended Dec 31, from RM45.88mil in the previous corresponding period due to better performance of its companies in the services sector and higher share of results of associated companies.
Revenue rose 6.1% to RM1.57bil from RM1.48bil previously.
On its prospects, the group in a statement said it expected its results for this financial year to be satisfactory in line with the recovery of the economy, which was expected to gain momentum supported by private consumption and improvements in external demand.
