Proton’s Prospects: Profit figures give misleading picture

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jans_wkh
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Proton’s Prospects: Profit figures give misleading picture

#1 Post by jans_wkh » Thu May 29, 2008 1:23 pm

Proton’s Prospects: Profit figures give misleading picture
29May2008 NST


DESPITE Proton’s announcement of a RM236 million profit for the previous quarter, a closer look at the figures reveal, once again, a gloomy picture for the struggling car maker.

The figure includes a tax benefit of RM43 million.

Proton also received a “research and development” grant from the government of RM194 million which, combined with the tax benefit, means that it made zero profit.

And all of this on the back of a 37 per cent increase in sales over the previous year.

Proton’s disappointing results show that the company, despite everything that it has done by way of cost cutting, releasing new models, refreshing old models and introducing other customer enhancement changes, is still making an operating loss.

Where can Proton go from here?

Unless the company can link up with a large foreign car manufacturer and fully exploit its own underutilised manufacturing capacity, the company is heading for a slow demise.

DR IAN MACKECHNIE, Kuala Lumpur

Source: NST – May 29, 2008

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Re: Proton’s Prospects: Profit figures give misleading picture

#2 Post by naim » Thu May 29, 2008 2:54 pm

Yes, if it sounds too good to be true, then chances are it is indeed too good to be true. :mrgreen:

Same like the recent MAS profit numbers.
Pls visit my travel pictorials at http://naim.my

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Re: Proton’s Prospects: Profit figures give misleading picture

#3 Post by fokcool » Thu May 29, 2008 3:00 pm

Yup agreed exactly how do they define profit I wonder??? :ko:

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Re: Proton’s Prospects: Profit figures give misleading picture

#4 Post by libra6868 » Thu May 29, 2008 5:59 pm

fokcool wrote:Yup agreed exactly how do they define profit I wonder??? :ko:
profit is what goes into their pocket....... :-' :-'

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Re: Proton’s Prospects: Profit figures give misleading picture

#5 Post by tlchuan » Thu May 29, 2008 9:00 pm

who care as long as their car can maintain cheap for us to buy :nehneh:
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Re: Proton’s Prospects: Profit figures give misleading picture

#6 Post by fokcool » Fri May 30, 2008 11:02 am

tlchuan wrote:who care as long as their car can maintain cheap for us to buy
Quality also cheep . . . its better they merge with a good car company and have standard in their production, i do not want to bring up how many problems i face with my proton compared with my dad 2nd hand honda. Where is their competitive edge if they always protect them selves with international car taxes.

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Re: Proton’s Prospects: Profit figures give misleading picture

#7 Post by tlchuan » Sun Jun 01, 2008 5:49 pm

Quality also cheep . . . its better they merge with a good car company and have standard in their production, i do not want to bring up how many problems i face with my proton compared with my dad 2nd hand honda. Where is their competitive edge if they always protect them selves with international car taxes.
Quality issue, my proton wira still haven fail me on the road, only some small part need to change frequently, i thing is our luck when we buy a new car, even my boss BMW & Toyota also brakedown on road side, :drive:
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Re: Proton’s Prospects: Profit figures give misleading picture

#8 Post by fokcool » Mon Jun 02, 2008 11:42 am

tlchuan wrote:Quality issue, my proton wira still haven fail me on the road, only some small part need to change frequently, i thing is our luck when we buy a new car, even my boss BMW & Toyota also brakedown on road side,
lol then its to bad for me, but i will rather buy other cars even perodua is a better choice then proton.

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Re: Proton’s Prospects: Profit figures give misleading picture

#9 Post by jans_wkh » Mon Jun 02, 2008 12:56 pm

tlchuan wrote:Quality issue, my proton wira still haven fail me on the road, only some small part need to change frequently, i thing is our luck when we buy a new car, even my boss BMW & Toyota also brakedown on road side,
After all the power windows screwed up, parts have broken, the car interior squeaks like nobody business, the old faithful proton engine (or was it Mitsubishi) keeps on running....................and running......................and running.........................just like the energizer bunny! :mrgreen:

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Re: Proton’s Prospects: Profit figures give misleading picture

#10 Post by fokcool » Mon Jun 02, 2008 2:01 pm

jans_wkh wrote:After all the power windows screwed up, parts have broken, the car interior squeaks like nobody business, the old faithful proton engine (or was it Mitsubishi) keeps on running....................and running......................and running.........................just like the energizer bunny!
hahahah then the campro engin will be the eveready batery then. . . . :mrgreen:

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