BANGI, July 18 (Bernama) -- Ingress Corporation Bhd is confident of achieving its projected after-tax profit of RM26.041 million for its current financial year ending Jan 31, 2002.

Its vice executive chairman, Rameli Musa said the company was conservatively forecast a 7.0 percent growth in car sales this year for the Malaysian market in contrast to the 11 percent rate forecast by the Malaysian Motor Traders Association.

Speaking in conjunction with the latest AGM of Ingress, Rameli said he expected the profit of the company, which is involved in the production of automotive spare parts (door sashes/frames and assemblies) to grow in tandem with the rate of car sales growth.

Bernama