KUALA LUMPUR, Feb 27 (Bernama) — UMW Holdings Berhad’s (“UMW”) Group revenue for the fourth quarter ended 31 December 2022 (“Q4 2022”) increased by 20% to RM4,375.4 million, supported by the improved contribution from all three core business segments. Consequently, the Group registered profit after taxation and minority interests (“PATAMI”) of RM106.0 million for Q4 2022. For the financial year ended 31 December 2022 (“FY2022”), the Group’s revenue increased by 43% to RM15,814.4 million compared with the RM11,060.8 million registered in the financial year 2021 (“FY2021”), while PATAMI surged by 55% to RM415.0 million from the RM268.2 million registered a year ago, following strong recovery of the Malaysian and regional economies.
In view of the improved performance, UMW has declared a final dividend of 11.2 sen per share amounting to RM130.8 million for the financial year ended 31 December 2022, to be paid on 12 May 2023. Collectively, with the earlier interim dividend of 3.0 sen per share, the total dividend in respect of FY2022 is 14.2 sen per share amounting to RM165.8 million or equivalent to a 40% dividend payout ratio.