For 2022, Bermaz Auto Berhad reported a higher Group revenue and an increase in pre-tax profit of RM1.07 billion and RM139.5 million respectively as compared to the preceding year corresponding quarter which reported a Group revenue and pre-tax profit of RM897.4million and RM115.4 million respectively.
The higher group revenue of RM175.0 million or 19.5% it said was achieved mainly due to the final rush to register the balance unfulfilled backorders (made prior to 30 June 2022) in February and March 2023 in order to be eligible for the sales tax exemption incentives. Vehicle orders made prior to 30 June 2022 were allowed to be registered by 31 March 2023 to still enjoy the said incentives.
In line with the increase in revenue as explained above and higher contributions from its new marques, the Group’s pre-tax profit had also improved by RM24.1 million or 20.9% compared to the preceding year’s corresponding quarter. For the Financial Year Ended 30 April 2023 the Group reported a higher revenue and pretax profit of RM3.55 billion and RM421.2 million respectively as compared to the preceding year’s corresponding period which reported a Group revenue and pre-tax profit of RM2.32 billion and RM217.7 million respectively. The 93.5% increase in PBT was achieved due to an increase in the overall sales volume from the Group’s domestic operations and better gross margin for its Mazda domestic operations, which benefitted from the appreciation of the MYR against JPY it added.
As a result of the performance, the Bermaz board approved and declared a fourth interim dividend of 3.50 sen single-tier dividend per share and a special dividend of 7.50 sen single-tier dividend per share, bringing the total dividend declared for the financial year to 22.00 sen.
