UPDATE 1-Malaysia Proton Q2 profit jumps

Newswire

KUALA LUMPUR, Nov 27 (Reuters) - Malaysian car maker Proton Holdings on Thursday reported a increase in second-quarter net profit, thanks to higher sales and increased margins. However, the company said the Malaysian automotive industry is likely to face increased challenges in months ahead, driven by global financial and economic crisis. State-owned Proton reported a net profit of 43.81 million ringgit ($12.10 million) for the July to September quarter, compared to 3.51 million ringgit ...

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