Thursday, 25 August 2011
DRB-Hicom income increased
INCOME DRB-Hicom Bhd's first financial quarter ended June 30, 2011 increased to RM1.58 billion from RM1.55 billion recorded in the same quarter the previous year.
"Better revenue performance was supported by higher revenue contribution from services, and real estate, construction and assets," said group managing director Datuk Seri Mohd Khamil Jamil.
However, the group's operating profit fell slightly to RM146.31 million from RM152.26 million in the same quarter the previous year. Mohd Khamil explains lower profits was caused by supply disruptions due to natural disasters components in Japan in March. However, he is confident effects of the earthquake and tsunami in Japan did not affect the performance of the group in the future. "Like other natural disasters, it is an unexpected and unavoidable. However, DRB-Hicom with diverse business prepared for the challenges ahead, "he said. He said that despite the decline in automotive revenue, although the coordination of business strategies in the service sector three years ago to enable the group stood strong to face the challenges of the cycle. He said the acquisition Pos Malaysia on July 1, enabled the group to strengthen the synergies of the business opportunities in the group and are expected to contribute positively to group revenue in the future.