– Group revenue increased by 12.4%.
KUALA LUMPUR, Feb 28 (Bernama) — UMW Holdings Berhad’s (“Group”) profit after taxation and zakat (“PATZ”) surged by 80.6% to RM380.3 million for the fourth quarter ended 31 December 2021 (“4Q 2021”), compared with the RM210.6 million registered in the corresponding quarter ended 31 December 2020 (“corresponding quarter”). This was supported by the strong contribution from its Automotive and Equipment segments as demand recovered after the lifting of the Full Movement Control Order (“FMCO”). The Group’s revenue increased by 12.4% to RM3,645.1 million compared with the corresponding quarter mainly due to higher vehicle and equipment sales.