KUALA LUMPUR, Aug 30 (Bernama) — UMW Holdings Berhad’s (“Group”) profit after taxation and minority interests (“PATAMI”) surged to RM303.6 million for the second quarter ended 30 June 2023 (“Q2 2023”), compared with the RM107.2 million registered in the corresponding quarter ended 30 June 2022 (“corresponding quarter”), mainly attributed to the increase in revenue by 20.2% to RM4,484.9 million as well as completion of sale of industrial land in Serendah to Longi (Kuching) Sdn. Bhd. (“Longi”) during the quarter for RM304.9 million. The Group’s profit before taxation and zakat (“PBTZ”) more than doubled to RM476.0 million compared with the RM230.0 million registered in the corresponding quarter supported by higher contribution from all three core business segments as well as recognition of RM218.1 million profit from the sale of the industrial land to Longi.
Automotive segment
