Mazda franchise holder, Bermaz Auto Berhad reported a higher Group revenue and profit before tax of RM1.01 billion and RM122.8 million respectively in Q2FY24 as compared to the preceding year corresponding quarter which reported a Group revenue and profit before tax of RM783.0 million and RM91.6 million respectively.
The higher group revenue by RM224.0 million was an increase of 28.6%, which the group said was mainly attributable
to the Mazda marque domestic operations, especially from its CX-30 CKD model which continued to register higher sales since it was launched in March 2023. The increase was however partly set off by lower sales registered from its PEUGEOT marque operations during the quarter under review.
The Philippines operations group’s profit before tax had also improved by RM31.2 million or 34.1% compared to the preceding year corresponding quarter.
For the 6 months period ended 31 October 2023, the Group reported a higher revenue and profit before tax of RM2.10 billion and RM263.5 million respectively as compared to the preceding year corresponding period which reported a Group revenue and profit before tax of RM1.50 billion and RM166.2 million respectively. PAT for the 1H FY24 stood at RM190 million compared to RM115 million registered in the previous 2 quarters combined.
The Board has approved and declared a second interim dividend of 5.00 sen single-tier dividend per share in respect of financial year ending 30 April 2024 (preceding year’s corresponding quarter ended 31 October 2022: 3.50 sen single-tier dividend per share). The entitlement date has been fixed on 20 December 2023 and payable on 5 January
Barring any unforeseen circumstances, the Board said it anticipates the performance of the Group to remain positive for the financial year ending 30 April 2024.
