Proton Profits Hit By Crisis

The financial crisis is taking its toll on Malaysian carmaker Proton's bottom line as the company announced losses for Q408. The company recorded a drop of MYR74.7mn (US$20.13mn) compared to MYR10.3mn (US$2.77mn) for Q407. Despite these results, the company remains profitable for the first nine months of the financial year, with a net profit of MYR21.1mn (US$5.69mn) compared to a loss of MYR32.9mn (US$8.87mn) in

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