KUALA LUMPUR, Nov 29 (Bernama) — UMW Holdings Berhad’s (“Group”) profit after taxation and minority interests (“PATAMI”) surged to RM100.7 million for the third quarter ended 30 September 2022 (“Q3 2022”), compared with the loss after taxation and minority interests (“LATAMI”) of RM47.9 million registered in the corresponding quarter ended 30 September 2021 (“corresponding quarter”). Supported by the improved contribution from all three core business segments, Group revenue in Q3 2022 rose by more than 100% to RM4,057.5 million compared with RM2,016.4 million registered in the corresponding quarter, signalling a strong recovery towards the pre-Covid-19 levels. The Group’s improved performance is mainly attributed to the economic recovery under the National Recovery Plan (“NRP”) as opposed to the Full Movement Control Order (“FMCO”) implemented from 1 June 2021 to 15 August 2021 as well as the transition into the endemic phase of Covid-19.
In view of the encouraging performance, UMW has declared an interim dividend of 3.0 sen per share amounting to RM35.0 million for the financial year ending 31 December 2022, to be paid on 15 December 2022.