MBM Resources Bhd's pre-tax profit for the second quarter ended June 30, 2012 rose to RM43.81 million from RM29.04 million
in the same quarter of 2011.

Revenue increased to RM614.29 million from RM382.02 million previously, it said in a filing to Bursa Malaysia today.

For the six months ended June 30, 2012 its pre-tax profit rose to RM100.01 million from RM75.42 million in the same period of 2011.

Its revenue increased to RM1.16 billion from RM791.83 million previously.

"The improved results for the second quarter were mainly attributable to increased vehicle sales and contribution from the additional Volkswagen dealerships in Alor Setar and Johor Baru," it said.

Looking forward, MBM said, vehicle sales would continue to show promising recovery with order-taking remaining healthy.

"The group's network expansion will have a positive impact on total vehicle sales, recording growth rates exceeding the industry's," it said.

MBM said the manufacturing division was expected to record better demand for its products as its main customers raised their production levels to meet market demand.

It said cost-reduction activities and local sourcing of parts were expected to help mitigate some of the cost pressures. -- BERNAMA