Malaysia's Proton Q1 net profit up 5.3 pct

Newswire

KUALA LUMPUR, Aug 26 (Reuters) - Proton Holdings Bhd, Malaysia's leading car maker, reported a 5.3 percent rise in quarterly profits on Thursday, helped by a lower research and development expenditure. The national car manufacturer said its net profit rose to 166.47 million ringgit ($43.8 million) in its fiscal first-quarter to end-June, from 158.12 million ringgit in the same period a year earlier. Sales, however, fell to 46,808 units in the June quarter from 47,726 units a year ago, it ...

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