22-05-2025
- Business
- New Straits Times
DRB-HICOM records RM17.7mil net profit in Q1
KUALA LUMPUR: DRB-HICOM Bhd recorded an 80.6 per cent decline in net profit for the first quarter ended March 31, 2025 to RM17.7 million from RM91.5 million in the same period last year.
This was attributed to reduced revenue across major segments, coupled with higher depreciation and amortisation expenses.
According to its filing on Bursa Malaysia, DRB-HICOM's revenue for the quarter slipped five per cent to RM4.11 billion from RM4.33 billion.
This was mainly impacted by lower sales of Proton vehicles and lower contributions from its manufacturing and engineering businesses.
No interim dividend was announced for the financial period.
DRB-HICOM said it continues to prioritise digital transformation in core sectors like banking and postal services, aiming to enhance operational efficiency through these ongoing initiatives.
"In other areas, including aerospace and defence, services, and properties, the group continues to strengthen business fundamentals to support resilience and long-term sustainability.
"The group anticipates a moderate outlook for the financial year ending Dec 31, 2025," it added.
