For the second quarter, UMW Holdings Group saw a revenue of RM4.48 billion which is 20.2% higher than the
RM3.73 billion it reported in the quarter ended 30 June 2022, attributing to the higher contribution from all segments including the RM304.9 million sale of industrial land in Serendah to Longi (Kuching) Sdn. Bhd.
The group saw its net profit jump three-fold to RM303 million compared to the RM107 million it registered in the same quarter in the preceding year.
Correspondingly, the Group recorded a higher profit before taxation and zakat of RM476.0 million in the current quarter compared with RM230.0 million in the corresponding quarter. The PBTZ in the current quarter was inclusive of RM218.1 million profit from the sale of the industrial land stated above.
The segment revenue of RM3.41 billion was 9.6% higher than the RM3.11 billion reported in the corresponding quarter, mainly due to the higher number of vehicles sold in the current quarter. In line with higher revenue, the segment’s PBTZ of RM212.8 million was higher than the RM202.9 million reported in the corresponding quarter.
The segment revenue of RM456.2 million was 24.4% higher than the RM366.6 million reported in the corresponding quarter, mainly due to the higher delivery for both local and overseas markets in the current quarter. Accordingly, the segment recorded a higher PBTZ of RM49.1 million compared with RM35.4 million reported in the corresponding quarter. Manufacturing & Engineering Segment revenue of RM299.7 million was 32.4% higher than the RM226.4 million reported
in the corresponding quarter. The improved performance was mainly attributable to the higher contribution from the Aerospace sub-segment due to higher delivery of fan cases.
