DRB-Hicom recently posted its results for the financial year ending March 31, 2016, and it isn’t good news for the group, which registered net losses amounting to RM991.9 million. According to a report by The Star, the lacklustre result is largely because of Proton’s poor performance.
“The losses were attributed largely to the poor performance of Proton’s group with lower sales of motor vehicles amidst stiff competition, volatility in foreign exchange rates and weak consumer sentiment.
“The weak foreign exchange affected Proton’s raw material cost, the lack of new models during the financial period and reduced profit margins. In addition, Proton made provisions relating to certain non-recurring charges which had affected its bottom-line,” stated DRB-Hicom, adding that if the national carmaker’s results were excluded, the group’s performance was “commendable.”
Despite the unfavourable results, DRB-Hicom is remaining positive and confident in Proton’s turnaround plans, which also involves a RM1.5 billion soft loan from the Government. This includes the launch of new models, beginning with the new Proton Perdana, and followed by either the new Persona or Saga. Proton is also set to introduce a new model made in collaboration with Suzuki by the end of this year, which is highly rumoured to be based on the Ertiga MPV.
Additionally, Proton will also have to provide a strategic plan to expand its domestic and international markets, and a special task force led by Pemandu CEO Datuk Seri Idris Jala will overlook Proton’s transformation plan.
This same time last year, DRB-Hicom was in the green, with a RM300.19 million profit. Revenue during FY2015 totalled RM13.68 billion, with a pre-tax profit of RM501.83 million. Meanwhile, FY2016 results saw revenue dip by 11% to RM12.17 billion, where the company incurred pre-tax losses of RM821.27 million.
AD: Drive the Proton model of your dreams. Submit your details and Proton PJ will get in touch with you.
Looking to sell your car? Sell it with Carro.
klk
on 
Ah Beng ProtonFan
on 
Pemalas
on 
john
on 
Same L00
on 
Kunta Kinte
on 
Mr Fakta
on 
Azmi
on 
Cash is King
on 
Fun chun
on 
Yap Eng Song
on 
Sup Rimau
on 
Dr Bomoh
on 
keropoklemau
on 
ioma
on 
Eats shoots leaves
on 
Semi-Value (Member)
on 
Hopeless
on 
Untung besar
on 
Sehn
on 
Lelong bungkus
on 
Nkh
on 
Good riddance
on 
Nkhcon
on 
malaysian
on 
slow
on 
john is otak batu
on 
Gdjkh
on 
Bat
on 
Macai said
on 
Proton said
on 
Huh
on 
Banker
on 
Henry
on 
applegreen
on 
Absolute Rider
on 
rosmah
on 
ken
on 
ae101
on 
camtakpro
on 
Euro Five
on 
Goh Eun-Chan
on 
Wiwiwiwiwiw
on 
Feather Angel
on 
Ollie
on 
dr2
on 
Bodoh
on 
tokmoh.
on 
Tong Sampah
on 
nabill (Member)
on 
Silthice
on 
Sewel
on 
justsomepissedoffdude
on 
Loru
on 
Papa G
on 
paduka
on 
Dermawan
on 
Pitz
on 
4g63t dsm
on 
Best Comment of Year
on 
Faiz
on 
CFO
on 
john
on 
Codogan
on 
hailthepurist
on 
policeman
on 
ProTongkat
on 
LMAOProton
on 
Mugi Bear
on 
Einstein said
on 
Albert
on 
smarttess
on 
Driver
on 
DK
on 
Sack designer
on 
Jobless
on 
Hugo Andore
on 
WRK
on 
SemiValuer
on 
sompua
on 
tohellwithp1
on 
WHERE IS JOHN AND DONKEY KONG ?
on 
Albert Yong
on 
hamtaro
on 
pulut kuning
on 
John Paul jones
on 
robert mugabe
on 
Proton Supporter
on 
winners
on 
The Answer
on 
Malaysian
on 
AI-generated Summary ✨
The comments express strong negative sentiments toward Proton’s financial losses and management, often blaming it for poor product quality, lack of innovation, and slow model launches. Many commenters criticize the company's continual losses, calling Proton a "sinking ship" and suggesting it should be sold to a Chinese firm or closed altogether. There is widespread outrage over government bailouts and soft loans, perceived as unfair to taxpayers, and accusations that Proton’s problems are due to mismanagement and cronyism. Some speculate that Proton will be sold to China or sold off to other ASEAN companies to save it. Meanwhile, a few supporters advocate for support or strategic management changes, but the dominant tone is one of disappointment and frustration over Proton’s ongoing losses and failure to compete effectively.