Malaysia's Proton creeps back into quarterly profit

Newswire

KUALA LUMPUR, Nov 30 (Reuters) - Malaysian state-controlled carmaker Proton Holdings Bhd reported its first profit in six quarters on Friday, as sales were helped by a new model launch and it reduced operating costs. Proton said its market share in Malaysia rose to 33 percent at the end of its second quarter but added that it still expected the domestic market to remain challenging. The state-controlled firm made a profit of 3.5 million ringgit ($1.05 million) for the three months ended ...

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