Proton has posted a net loss of RM46.85 million for the first quarter of the financial year ended 30th June 2007. While it is not back in the black yet, this amount is an improvement over the RM95.54 million ringgit loss recorded during the same period in the 2006 financial year. This lower losses were achievable despite lower revenue of RM1.14 billion compared to RM1.42 billion the previous year, a sign of effective cost cutting measures.

I’m expecting the second quarter this year to be better, as this quarter does not include the effects of recent positive Proton deals including the Europestar GEN2 deals and the new revenue stream from the Proton Persona, of which bookings have now exceeded 11,000 units.