Saturday 30 Mar 2024
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KUALA LUMPUR (Aug 22): Boon Koon Group Bhd's loss-making rebuilt commercial vehicle business is expected to generate at least RM3 million in profit before tax (PBT) for the current year ending Dec 31, 2017, as the company undertakes cost-cutting and internal restructuring measures.

Boon Koon director Chiau Haw Choon said the company's internal restructuring and cost-cutting measures were beginning to show results. 

“This year, our internal target of PBT is at a minimum of RM3 million for our core business,”, Chiau told reporters after Boon Koon's annual general meeting here today.

He said the company was not looking at forking out cash for expansion of its rebuilt commercial vehicle plants' capacity, as the utilisation rate of these plants stands at about 30%.

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