UMW Holdings reported its last quarter and full-year performance, as for the quarter the revenue was at RM4.37 billion which was higher compared to the RM3.64 billion it reported in the quarter that ended 31 December 2021.
However, the Group reported a lower profit before taxation and zakat of RM218.6 million in the current quarter compared with RM271 million in the corresponding quarter, owing largely to the lower share of profit from an associated company. The segment revenue of RM3.39 billion was 20.7% higher than the RM3.06 billion reported in the corresponding quarter, mainly due to the higher number of vehicles sold in the current quarter. Conversely, the segment’s PBTZ of RM182.6 million was lower than the RM269.2 million in the corresponding quarter on the back of the lower share of profit from an associated company. In line with the higher revenue, the segment PBTZ of RM29.2 million reported in the current quarter was more than double compared with RM11.7 million recorded in the corresponding.
For the full year, the Group revenue for the financial year was at RM15.81 billion growing by 43.0% compared with the RM11.06 billion recorded in the corresponding year, which was attributable to the higher revenue in all segments following the strong recovery of the Malaysian and regional economies.
Accordingly, the Group PBTZ increased significantly to RM896.5 million from RM482.8 million reported in the corresponding year. The Automotive segment’s revenue of RM13,310.0 million was 47.4% higher than the RM9,030.3 million recorded in the corresponding year underpinned by the higher number of vehicles sold during the year following the continued strong sales momentum.
Correspondingly, the segment’s PBTZ of RM774.9 million was also higher than the RM476.7 million profit reported in the corresponding year.
In line with the higher revenue, the segment’s PBTZ of RM152.8 million was 42.8% higher than the RM107.0 million profit reported in the corresponding year.
