UMW Holdings saw its revenue hit RM4.83 billion for the current quarter (Q3) up 19.1% higher than the RM4.05 billion reported in the quarter ended 30 September 2022. The group said this was attributed to the higher contribution from all segments driven by the sustained demand in the current quarter.
Correspondingly, it recorded a 40.9% higher profit before taxation and zakat of RM326.3 million in the current quarter compared with RM231.5 million in the corresponding quarter.
The main driver was the automotive segment which saw a revenue of RM402 billion, 17.4% higher than the RM3.42 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 RM257.6 million was higher than the RM183.6 million reported in the corresponding quarter.
For the nine months, the group’s revenue was RM13.69 billion which is 19.8% higher than the RM11.43 billion recorded for the period ended 30 September 2022. This was again attributable to the continued economic growth momentum in the current period.
Correspondingly, the Group recorded a 55.3% higher PBTZ of RM1,053.0 million, inclusive of the RM218.1 million profit from the completion of the sale of industrial land to Longi in the current period, compared with RM677.8 million reported in the corresponding period.
