Published on May 27th, 2011 | by Daniel Sherman Fernandez0
PROTON POSTS RM81 MILLION PROFIT BEFORE TAX IN Q4 2010/11
National car manufacturer PROTON Holdings Berhad announced an unaudited Group profit before taxation of RM81 million in the fourth quarter of its 2010/11 financial year on the back of increasing car sales. PROTON’s domestic sales volume for the quarter have grown by more than 21% compared to the immediate preceding quarter (44,870 units vs. 36,943 units in Quarter 3) mainly contributed by sales of three core-models, the Persona, Saga and Exora, and by the launch of the Inspira.
Arising from this, the Group returned to profitability recording a profit before tax of RM81 million, as compared to the loss of RM51 million in the last quarter. The improvement is mainly due to better performance for the PROTON cars business and to a lesser extent, Lotus Group International Limited (LGIL). Operationally, LGIL performed better on account of higher sales volume. The growing demand for Proton cars was reflected in revenue for the quarter under review soaring to RM2.6 billion compared to RM2.2 billion recorded during the corresponding period in the previous financial year.