Malaysia Proton Q4 profit down 31 pct as sales drop

Newswire

KUALA LUMPUR, May 25 (Reuters) - Proton Holdings Bhd, Malaysia's leading car maker, reported on Tuesday a 30.5 percent drop in fourth-quarter earnings on the back of falling sales. Net profit fell to 191.55 million ringgit ($50.4 million) in the three months that ended March 31, from 275.69 million ringgit in the same period a year earlier. Revenue dropped to 1.46 billion ringgit from 2.0 billion. For the full year, Proton posted a net profit of 510.07 million ringgit, down by half ...

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