PETALING JAYA: Proton Holdings Bhd recorded better earnings for the first quarter ended June 30 (Q1) year-on-year due to higher sales and better product mix.
The national car maker’s net profit surged 55.2% to RM84.7mil in Q1 versus RM54.5mil in the same quarter last year. Revenue rose 23.6% to RM2.29bil against RM1.85mil.
Proton said in a filing to the stock exchange that in line with the improved market sentiments, its domestic sales volume grew 17% due to demand for its three core models - Saga, Persona and Exora.
“The group will intensify its marketing initiatives for the current product offerings as well as refreshers and new models to increase sales volume.
“Internationally, the group will focus on improving sales volume through planned launches of its core models in key markets,” it said.
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