Malaysia Proton Q3 earnings drop 48 pct

Newswire

KUALA LUMPUR, Feb 24 (Reuters) - Malaysia's Perusahaan Otomobil Nasional Bhd (Proton) reported on Monday a 48 percent drop in third quarter earnings and warned of a tough fourth quarter. Net profit fell to 196.97 million ringgit ($51.8 million) in the three months that ended December 31 from 378.25 million ringgit in the same period a year earlier. Proton, Malaysia's leading car maker, attributed the lower profit to a 20 percent drop in sales to 1.92 billion ringgit. "The current ...

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