Proton out of the Red

Proton Holdings Bhd showed profits in its third quarter of its financial year ending Dec 31, 2005.

The company saw an all time high record car sales of 22,971 units in october and a total52,418 cars old during the October-December quarter

The net profit of RM86.51mil was posted compared to loss of RM166.7mil for the first half of the year.

Other announcements by Managing director Syed Zainal Abidin Syed Mohd Tahir:

- A strategic tie-up with a China carmaker soon according to .
- Key areas of concern identified, namely, issues on quality, product diversity, cost control, vendor development, manufacturing efficiency and sales and marketing.''
- Better collaboration between Edaran Otomobil Nasional Bhd and Proton Edar in the future.

TAGS: Proton