Malaysia’s Proton Holdings Bhd reports net earnings of 47.02 million ringgit ($12.93 million) for its just-ended fiscal year, down from MR442.44 million ($121.68 million) year-ago and one of the smallest profits in its 20-year history. Lower sales and higher promotional costs, as well as higher components costs, allowance for stock obsolescence and a 28% lower income from associated and jointly controlled entities, are among factors that led to the decline, the auto maker says. Proton ...
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