Malaysian manufacturer Proton has shrugged-off the effects of the global financial crisis, recording a 43 per cent increase in profits for the first half of its current financial year (which ended on 30 September).
On the back of strong domestic sales growth of 11 per cent, Proton delivered a before-tax profit of $33 million in its second quarter (58 per cent better than the preceding quarter).
For the first six months of its financial year, Proton sold 79,508 vehicles in Malaysia to capture 29 per cent of the total market.
Proton's Managing Director, Dato' Syed Zainai, says that despite continuing tight market conditions, the company is on-track for improved sales in both domestic and international markets.
