22-05-2025
DRB-Hicom to sustain focus on digital transformation
The group will continue to strengthen business fundamentals to support resilience and long-term sustainability.
PETALING JAYA: DRB-Hicom Bhd will remain focused on advancing digital transformation across key sectors such as banking and postal services, as part of its ongoing efforts to improve operational efficiency.
In a filing with Bursa Malaysia, the company said for its aerospace and defence, services and properties divisions, the group will continue 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.'
For the first quarter ended March 31, 2025 (1Q25), DRB-Hicom's net profit plunged to RM17.72mil from RM91.54mil in the previous corresponding quarter.
DRB-Hicom said the lower result was mainly due to weaker contributions from the automotive, postal and property sectors, driven by softer sales and higher operating costs.
Revenue in 1Q25 dipped to RM4.11bil from RM4.33bil a year earlier.
DRB-Hicom said it reported lower revenue for its automotive, aerospace and defence, postal and properties sectors.
'The decline in revenue was primarily due to lower sales volume of Proton vehicles and lower revenue from manufacturing and engineering companies. The aerospace and defence sector recorded lower revenue, mainly driven by the decrease in product deliveries,' it said.
