Proton is now back to black again in terms of quarterly profit after six continuous quarterly losses, posting a net profit of RM3.5 million on revenue of RM1.3 billion, compared to a loss of RM250 million on a turnover of RM1.27 billion the same period last year.
However, Proton chairman Datuk Mohamed Azlan Hashim says Proton still needs to work harder as this was just a small profit and only a quarterly figure. As most of you can guess, a major factor contributing to this bounce back is the Proton Persona, with 23,000 bookings so far. Market share rose from 26.5% to 33.1% from the previous quarter.
In other Proton-related news, while there was previously a report quoting an unnamed government sources that Proton would not get a local partner as it would be much like handing it over to another middleman who would have to look for a foreign major player anyway, now it seems that there is still a possibility of a local partner being considered, if it is good for Proton.
At the same time, General Motors has said that it has not ruled out interest in an alliance with Proton. “Never say never. But in the meantime, things have moved on,” said Steve Carlisle, head of GM SEA. On the local front, DRB-HICOM comes out and says it does not mind collaborating with Proton even without having a share in the company.
Could we see Proton working with GM sometime in the future through DRB-HICOM, since DRB-HICOM has a stake-sharing relationship with GM’s Chevrolet unit through Hicom-Chevrolet Sdn Bhd?
After dabbling for years in the IT industry, Paul Tan initially began this site as a general blog covering various topics of personal interest. With an increasing number of readers paying rapt attention to the motoring stories, one thing led to another and the rest, as they say, is history. An avid electronic gadget aficionado as well as big-time coffee lover, he's also the executive producer of the Driven motoring TV programme.
There is just too much speculation about Proton. GM’s weapon in non-North American markets is Chevrolet (Daewoo) right? So … for Matiz/Spark … Proton has Savvy, for Aveo & Aveo Sedan, there’s Gen2/Persona. Only model to slot in would be Captiva/Winstorm perhaps? There was some rumour in 2001 that Proton was looking into Pajero iO at one time. For powertrain, Proton has the Campro and now Campro CPS. Not sure how much units they need to produce to break even.
Padan muka….. lolz
let’s see how long this lasts
Proton is doin good, i hope its gettin better…its time to scrap NAP. Proton shud play in the same league with other manufacturer
Maibatsu dude, yeah you right. There is too much speculation and shite talk when it comes to Proton. Why can’t they just do and focus on the bloody forking WORK. Bloody hell. I thought all these shite was over already !!!
Apparently they like to do the thing they good at most…..politicking and shitting. Helpless!!
If Proton can compete, the G must scrap NAP and AP immediately.
yeah.. yeah.. lets scrap NAP and see how u gonna bring your market…
Probably they going to put NAP as “hak orang melayu” next……..
With NAP in place, only proton managed to eek into the black after 6 consecutive quaterly losses.
Without NAP in place Proton is toast, and then you can hear how “proud” they are with Proton “fighting” off foreign competition.
What a shame.
As with most “national projects”, this is becoming to be another embarassment for the country.
Now back in black again, a decent job!
Just wonder if without NAP in this country, who wanna interested to deal or partner with Proton except salvage their Tg. Malim spanking factory.
Now the Proton talking is more realistic, despite turn to black again, “much work need to be done”.
Last year’s quarter they lost 250M. This quarter they made 3.5M and they’re so excited. How many years do they need to recover 250M? The path is so clear but yet, so many chose to be blind to the fact and only wish to be in dreamland. What is the use of pride when you are poor? Why be proud of something lousy? This I can never understand.
Based on this KPI, they call off talk with VW and request G give them a chance. That is “beautiful” in our country.
read the fine line carefully. they made about 6.6 million from sale of land and recouped about 40+ million from costs that have been “recovered” because of R&D they didn’t do or something like that….. so they made profit by not doing anything which is fake profit.
KL-ATR said,
Last year’s quarter they lost 250M. This quarter they made 3.5M and they’re so excited. How many years do they need to recover 250M?
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Cmon man, -250M to +3.5 is a pretty big deal. It is a difference of +253.5Million. A complete turnaround in profit is impossible, but they are doing a good job. Impressive if I should say. Imagine if with this performance, next year’s quater would be +257Million.
Since proton has Lotus, why not make a luxury brand from it? Like Lexus-Toyota. Acura-Honda.
then sell Lotus here.
reasons why there is this sudden hoohah about Proton in our public media.
1. public media controlled by govt.
2. proton’s boss needs to show he is boss and doing things right.
3. boost up share prices
4. show the world proton is hero and right by slamming the doors on VW i.e. damage control for dissing the germans.
“Never say never. But in the meantime, things have moved on,†said Steve Carlisle, head of GM SEA.———————————————-
Keep moving….
No doubt Proton is so confident.
They are going to make big bucks next Spring dude..better to buy Proton share now since it’s still low down. Hurry up.
Buy Proton share, nanti jadi duit pisang Jepun…….
This is alternative view to Proton “profits”, accounting profits not operating/sales profits.
http://www.malaysia-today.net/nuc2006/letter.php?itemid=758
proton needs more beutifool cars. the age of producing ‘cant sell’ cars must end. remove the cheap plastics. remove chronies. confirm untong.
i hope dis won’t make proton over confidence .
viva proton! good luck!
sorry torque max 3500 to 6000 roughly
BigFish said,
December 2, 2007 @ 2:41 pm
This is alternative view to Proton “profitsâ€, accounting profits not operating/sales profits.
http://www.malaysia-today.net/nuc2006/letter.php?itemid=758
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This behaviour is very common in this Bolehland, no shame at all, CROOKS
I think we should just wait for the new Proton BLM and then look at the quality of the car and that will give us a good gauge on where Proton is heading.
Arguably, like P1 MD said, it just a quarterly profit, the figure is not even 1 year yet. The profit might be triggered by new model Persona and cheap sales of due model Iswara. The next quarter, that is 2008 Q1 will evidence the sustainability of P1 when it introduces BLM. There’s not too much victory to celebrate as things only gets much and much more difficult and tougher, not the other way round. Surviving at our very own homeland is one thing, competing outside the protected safe playground is another thing. When all these things add up, it might just become an intereting opera soap drama.
Proton’s Share Price still LOW, RM3 might be the RIGHT deal soon.
BLACK for a while, RED might be BACK. like playing CASINO ROLLET
mystvearn said,
December 2, 2007 @ 1:04 am
Since proton has Lotus, why not make a luxury brand from it? Like Lexus-Toyota. Acura-Honda.
then sell Lotus here.
“LOTUS PANDAI BUAT KERETA “KARTUN” MAAA … stop dreaming bro”
4.9m profit compared to almost 500m loss before. Hmm…1% right.