KUALA LUMPUR (Nov 21): Tan Chong Motor Holdings Bhd's (KL:TCHONG) net loss for the third quarter narrowed by a third from last year on the back of higher revenue and lower net foreign exchange losses, partially offset by higher impairment losses on receivables.
The net loss for the three months ended Sept 30, 2025 (3QFY2025) stood at RM60.25 million, a reduction of 33.27% compared with RM90.28 million previously.
Loss per share narrowed to 9.25 sen from 13.85 sen, the group’s bourse filing on Friday showed.
Tan Chong, which is the franchise holder and exclusive distributor of Nissan and Renault vehicles in Malaysia, saw its quarterly revenue rise 14.66% to RM530.47 million from RM462.66 million in 3QFY2024, driven by better revenue contribution from the automotive division.
No dividend was declared during the quarter.
For the nine-month period, the group incurred a net loss of RM114.25 million compared with a net loss of RM146.11 million in the same period last year. Revenue for the nine months increased 3.23% year-on-year to RM1.62 billion from RM1.57 billion.
The reduced year-to-date loss, it said, was primarily due to the recognition of a one-off fair value gain on investment properties amounting to RM50.6 million and lower net foreign exchange losses.
Going forward, Tan Chong Motor said local assembly of the TQ Wuling Bingo electric vehicle is on schedule, with commercial launch targeted for 4QFY2025. Assembly operations are taking place at the group’s plant in Segambut, Kuala Lumpur.
Tan Chong had teamed up with Chinese automotive giant SAIC GM Wuling Automobile Co Ltd in May to introduce the new automotive brand in Malaysia.
Tan Chong shares closed two sen or 2.96% lower at 65.5 sen, giving the group a market capitalisation of RM440 million. Year to date, the stock has risen by 60%.