UMW Holdings’ net profit surged to RM110.3m in 3Q19; pays 4 sen special dividend

KUALA LUMPUR, Nov 29 (Bernama) — UMW Holdings Berhad registered consolidated net profit attributable to shareholders of the Company of RM110.3 million for the third quarter ended 30 September 2019, its highest in the last four quarters.  The result was supported by stable revenue and profit before taxation (PBT) from the Manufacturing & Engineering (M&E) segment.  The Automotive and Equipment segments, however, registered lower revenue and PBT due to sluggish demand in the current quarter.  UMW Holdings Berhad’s revenue from Continuing Operations decreased by 12.4% year-on-year to RM2,882.7 million and PBT from Continuing Operations contracted by 15.2% to RM150.3 million

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