Tan Chong Motor holdings's net profit for the second quarter ended June 30th, 2014 dropped 20.1 per cent from a year ago to 53.84 million ringgit, while revenue fell 4.65 per cent to 1.09 billion ringgit from 1.14 billion ringgit previously.<br /><br />According to Tan Chong, which distributes Nissan vehicles in Malaysia, the decrease in revenue and net profit was due to a price war in the automotive sector, which may persist until the oversupply situation is flushed out.<br /><br />Visit http://www.astroawani.com for more news.
