Cycle & Carriage Bintang (C&C) Bhd posted a lower pre-tax profit of RM11.18 million in the third quarter ended Sept 30, 2011 as against the RM12.44 million recorded in the same quarter of last year.
In a filing to Bursa Malaysia today, C&C said its revenue, however, increased to RM188.21 million from RM156.03 million previously.
C&C said the group did well to increase unit sales in a very competitive market, although margins came under severe pressure.
On prospects, C&C said while the impact of the deteriorating global economy on Malaysia is still unclear, the intense competition in the local automotive market is expected to continue putting pressure on sales and margins. -- Bernama
In a filing to Bursa Malaysia today, C&C said its revenue, however, increased to RM188.21 million from RM156.03 million previously.
C&C said the group did well to increase unit sales in a very competitive market, although margins came under severe pressure.
On prospects, C&C said while the impact of the deteriorating global economy on Malaysia is still unclear, the intense competition in the local automotive market is expected to continue putting pressure on sales and margins. -- Bernama
