The outlook for Perusahaan Otomobil Nasional Sdn Bhd (Proton), one of Malaysia's two national car companies, has skidded from bad to worse, with no end to the downfall in sight. Earnings in the fiscal year ended March 31 plunged to 4.7 million ringgit ($12.9 million) from year-ago’s MR44.7 million ($121.8 million) and turned into a net loss of MR58.4 million ($15.9 million) in the current fiscal first-quarter. Sales "are almost falling off a cliff," says an industry analyst in Kuala ...
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