MBM Resources Bhd achieved a higher pre-tax profit of RM46.37 million for the first quarter ended March 31, 2011, compared with RM45.2 million recorded the previous corresponding quarter.

Revenue rose to RM409.81 million, from RM363.83 million, recorded
previously.

In a filing to Bursa Malaysia, the group said the spillover of orders last year coupled with strong customers' demand, resulted in higher vehicle sales and revenue.

'The second quarter performance will probably be dampened by the issue of parts supply arising from the recent earthquake in Japan,' it said.

However, the group expects a recovery in volume from the third quarter onwards.

'The ongoing development of additional branches for the dealership businesses is expected to contribute positively in the second-half of the year,' it said. -- Bernama