Malaysia's EON 6-mth profit up 16 pct

Newswire

By Jalil Hamid KUALA LUMPUR, Aug 28 (Reuters) - Malaysian auto and banking group Edaran Otomobil Nasional (EON) on Wednesday posted a 16 percent rise in net profit for the six months to end June and said the outlook for the second half of the year could be satisfactory. The country's largest car distributor said while overall passenger car sales will grow in 2002, stiffer competition in the industry backed by significant discounting and promotion could depress margins. The group, which ...

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