Wong notes that international borders have reopened and that Malaysia’s economy too, is recovering.
Car dealer MeGroup has reported earnings of RM2.5 million for its 1H2023 ended Sept, a turnaround from a loss RM4.9 million in the year earlier period. Revenue in the same period was up 154.3% y-o-y to a record level of RM204.1 million, driven by higher sales volume of cars.
Wong Cheong Chee, the company’s executive chairman and CEO, notes that its recent acquisition of a 20% interest in an associated company, Hanamaru Auto Trading (Malaysia) earlier this year will help open up new income streams.
