UMW Holdings Registers Higher Profit Attributable To Shareholders (“PATAMI”) For 1H 2021 Of RM76.2 Million

– Group’s revenue surged by 59.8% from RM1.5 billion to RM2.4 billion.
– Cash and money market investments remained strong at RM2.6 billion.
– Gearing remained low at 0.35 times.

KUALA LUMPUR, Aug 27 (Bernama) — Driven by higher contribution from the Automotive and Equipment segments, UMW Holdings Berhad recorded revenue of RM2.4 billion for the second quarter ended 30 June 2021 (“2Q 2021”), an increase of 59.8% compared with the corresponding quarter ended 30 June 2020 (“corresponding quarter”).  Consequently, the Group registered profit before taxation (“PBT”) of RM32.6 million compared with loss before taxation of RM58.8 million in the corresponding quarter which was impacted by the first Movement Control Order (“MCO”).  The Group recorded lower loss attributable to shareholders (“LATAMI”) of RM21.1 million for 2Q 2021 compared with LATAMI of RM78.4m for 2Q 2020.

http://mrem.bernama.com/viewsm.php?idm=40855