ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Nikkei Markets

Malaysia's Bermaz Auto 1Q Net Profit More Than Halves On Lower Margins

By Alexander Winifred
Nikkei Markets
KUALA LUMPUR (Sep 11) -- Malaysia's Bermaz Auto, a vehicles and spare parts distributor for Japanese automaker Mazda, said Monday net profit more than halved in the fiscal first quarter mainly due to lower margins.

Net profit for the three months ended Jul. 31 was 20.21 million ringgit ($8.48 million) compared to 41.11 million ringgit a year earlier.

Revenue fell 20.73% to 391.23 million ringgit compared to 493.62 million ringgit in the year-ago period.

While overall industry volume rose 5% in the first seven months of the year, trading conditions remain "challenging" due to weak consumer sentiment, Bermaz Auto said in an exchange filing.

However, the company is "optimistic" that sales in the second half of the fiscal year will be boosted by the launch of Mazda's new CX-5 model in October, it added.
- By Alexander Winifred; Alexander.Winifred@nikkeinewsrise.com; +60320267363
- Edited by Lopamudra Bhattacharya
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

3 months for $9

Get unlimited access
NAR site on phone, device, tablet

Your trial period has expired

You need a subscription to...

See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

See all offers
NAR on print phone, device, and tablet media