{"id":404,"date":"2025-05-25T08:01:03","date_gmt":"2025-05-25T08:01:03","guid":{"rendered":"https:\/\/hartaco.com\/?p=404"},"modified":"2025-05-25T08:01:03","modified_gmt":"2025-05-25T08:01:03","slug":"drb-hicom-posts-81-profit-plunge-amid-weaker-auto-postal-and-property-sales-and-rising-costs","status":"publish","type":"post","link":"https:\/\/hartaco.com\/index.php\/2025\/05\/25\/drb-hicom-posts-81-profit-plunge-amid-weaker-auto-postal-and-property-sales-and-rising-costs\/","title":{"rendered":"DRB-Hicom posts 81% profit plunge amid weaker auto, postal, and property sales and rising costs"},"content":{"rendered":"<p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/hartaco.com\/wp-content\/uploads\/2025\/05\/DRB-Hicom_posts_81_profit_plunge_amid_weaker_auto_postal_and_property_sales_and_rising_costs_v1_generated_image_20250525160101.png\" alt=\"Article featured image\"\/><\/figure>\n<\/p>\n<p>Malaysian conglomerate DRB-Hicom reported a sharp decline in quarterly earnings, reflecting broader challenges across its diversified business portfolio. The company&#8217;s net profit for Q1 2025 plunged over 80% to RM17.72 million compared to the same period last year, with revenue dropping 5.1% to RM4.11 billion due to weaker performance in automotive, property, and postal operations.<\/p>\n<p>The automotive division, including its majority stake in Proton Holdings, saw sales decline 6.1% to RM2.8 billion amid reduced vehicle demand. Property revenue fell sharply by 41%, while postal services recorded a marginal 0.7% dip. However, the banking and services segments provided some relief, with banking revenue rising 4.4% due to higher financing income and an expanding customer base.<\/p>\n<p>DRB-Hicom attributed the downturn to multiple factors, including softening consumer demand and potential fuel subsidy adjustments in Malaysia. The company did not declare a dividend for the quarter and remains cautious about its 2025 outlook, particularly for Proton&#8217;s new model launches, which will depend on market conditions.<\/p>\n<p>To navigate these challenges, the group is prioritizing digital transformation in banking and postal services while reinforcing its aerospace, defense, and property divisions. Despite current headwinds, DRB-Hicom aims to strengthen its long-term sustainability through operational efficiency and strategic adjustments.<\/p>","protected":false},"excerpt":{"rendered":"<p>Malaysian conglomerate DRB-Hicom reported a sharp decline in quarterly earnings, reflecting broader challenges across its diversified business portfolio. The company&#8217;s net profit for Q1 2025 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-404","post","type-post","status-publish","format-standard","hentry","category-new"],"_links":{"self":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/comments?post=404"}],"version-history":[{"count":1,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/404\/revisions"}],"predecessor-version":[{"id":405,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/404\/revisions\/405"}],"wp:attachment":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/media?parent=404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/categories?post=404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/tags?post=404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}