Malaysian national auto maker Proton Holdings Bhd reports a 59% jump in net profit to 810 million ringgit ($213 million) for the fiscal year ended March 31. Revenue grew 34% to MR8.5 billion ($2.2 billion). Despite the favorable results, the auto maker says the industry is expected to experience slower growth and some consolidation this year. “Higher component costs and intense competition are expected to have an adverse impact on margins,” Proton says in a statement. "The group will ...
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