Cycle & Carriage returns to the black in 1Q

2017-12-06 1

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.

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