Auto Sales ~ Mar 10 : 56,139

Vehicle Sales In March Up 25 Per Cent

KUALA LUMPUR, April 21 (Bernama) -- Sales of passenger cars and commercial vehicles in March 2010 increased 25 per cent year-on-year to 56,139 units from 44,896 units.

This brought the January to March sales higher by 27,026 units or 22 per cent when compared with the same period of 2009.

The Malaysian Automotive Association (MAA) attributed the higher sales to continued improvement in market sentiment and consumers' confidence.

Sales of passenger vehicles in March 2010 rose to 50,533 units from 40,680 units in the corresponding month last year while that of commercial vehicles rose to 5,606 units from 4,216 units, it said in a statement on Wednesday.

Sales of passenger vehicles in the first three months of the year increased to 133,057 units from 109,301 units in the corresponding period last year.

Sales of commercial vehicles in the same period went up to 14,358 units from 11,088 units previously.

For the three-month period, total industry volume rose to 147,415 units from 120,389 units in the same period of last year.

MAA said total production of vehicles in March 2010 rose to 51,579 units from 35,950 units in March last year.

Production of passenger vehicles in March increased to 47,729 units from 32,922 units in March last year while that of commercial vehicles increased to 3,850 units from 3,028 units.

Production of passenger vehicles in the three-month period rose to 130,641 units from 102,328 units in the same period last year while that of commercial vehicles went up to 12,506 units from 11,681 units.

Going forward, MAA said that sales volume for April 2010 is expected to continue the expansionary trend in the absence of no negative developments in the economy and the automotive market.

It also expects supply to be increased to fulfill outstanding orders.

-- BERNAMA

Ingress sees drop in Q2 net profit

Saturday September 5, 2009

Ingress sees drop in Q2 net profit


PETALING JAYA: Ingress Corp Bhd reported a 40% drop in net profit to RM2.95mil in the second quarter ended July 31, despite its revenue growing to RM177.7mil against RM155.54mil a year ago.

The group’s automotive division posted higher revenue of RM157mil during the period, but recorded lower profits. The company did not elaborate on why its operating margin had contracted during the quarter compared with the previous corresponding period.
Meanwhile, its power engineering and project (PEP) division made a slight loss before tax of RM0.5mil.

Ingress said it expected revenue from its automotive parts division would continue to rise, while sales volume from its premium car dealership was also projected to grow.
However, its overseas operations in Thailand and Indonesia may see lower sales.

“For PEP division, new awards are expected to materialise,” the company told Bursa Malaysia yesterday.

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