Malaysian auto maker Perusahaan Otomobil Nasional Bhd (Proton) posts record fiscal year earnings, thanks to increased vehicle sales and higher margins. Proton’s net profit for the just-ended fiscal year (March 31) was four times last year’s, at 1.12 billion ringgit ($294.8 million) vs. 297.7 million ringgit ($78.3 million), beating analysts’ estimates of 986.4 million ringgit ($259.6 million). Proton experienced a 23% jump in sales, with 239,783 units sold vs. 195,228 a year ago. Proton ...
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