National carmaker Proton Holdings Bhd announced today at its Annual General Meeting that its new MPV will be launched in March 2009. It also mentioned that it would focus more on fuel efficiency in the future, in line with the world’s energy crisis and high fuel prices.
It also revealed its financial performance for the first quarter of financial year 2008. Proton posted a profit after tax of RM52.03 million, an improvement compared to net losses of RM46.7 million in the corresponding quarter of the previous financial year.
This is thanks to the higher revenue of RM1.7 billion compared to RM1.14 billion in Q1 2007, thanks to higher sales volume of 39,888 versus 28,145. Its net cash balance has also improved from 328.6 million in Q1 2007 to 1.339 billion in Q1 2008.
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AI-generated Summary ✨
Comments reflecting skepticism about Proton's profit, questioning whether it signifies real sustainability or is merely due to protectionist market conditions. Many express doubts about Proton's ability to stand on its own without government support, citing past quality issues and the need for better R&D and product improvements. Some advocate for opening the market and removing tariffs to foster genuine competition and efficiency. Others regard the profit as a positive sign but warn that continued success depends on quality enhancement, exports, and real competitiveness. Overall, sentiments range from cautious optimism to critical doubts about Proton's long-term prospects and the effectiveness of protectionist policies in fostering sustainable growth.