Tuesday, 7 February 2012

Dr M: Proton reserves fall from RM4b to RM600m

Dr M: Proton reserves fall from RM4b to RM600m

1 comment:

Azrul Syahriman Bin Salleh said...

"However, he (Mohammed Azlan) managed later on to improve the numbers with Syed Zainal Abidin Syed Tahir as managing director, who introduced new models, which led to greater revenue and profitability for Proton," he said. The statement ended with: "In Tun Mahathir's view, the current management has done a good job in stabilising the company and that can be seen in the operating profits and sales in the last five years." The statement from Proton adviser's office was issued following Dr Mahathir's statement made during an interview with Bloomberg last week. He had said that Proton had at one time a reserve of RM4 billion which would be able to finance the growth of the future, but unfortunately, due to things done by the wrong management, Proton had lost the cash. Meanwhile, Business Times reported last week that Tengku Tan Sri Mahaleel could return to Proton as chairman after the sale of Proton's 42.7 per cent held by Khazanah to DRB-HICOM Bhd. By Rupinder Singh