Cycle & Carriage returns to the black in 1Q

  • 7 years ago
Cycle & Carriage Bintang, the distributor of Mercedes-Benz vehicles in Malaysia, returned to the black in its first quarter which ended March 31, 2014

It posted a net profit of RM1.69 million compared to a net loss of RM314 million in the fourth quarter of financial year 2013, on stronger sales of its Mercedes-Benz passenger cars which climbed 19 per cent year-on-year.