Bermaz Auto Berhad reported a lower Group revenue and profit after tax of RM896.5 million and RM70.5 million respectively in the current quarter under review as compared to the preceding year corresponding quarter which reported a Group revenue and profit after tax of RM976.0 million and RM87.2 million respectively.
The group said the reduction in revenue of RM79.5 million, a decrease of 8.1%, was mainly due to lower sales volume and change in sales mix from the domestic operations of its Mazda marque. In line with the decrease in the Group revenue and a lower profit contribution from its associated company, Mazda Malaysia Sdn Bhd, due to lower production volume, the Group’s profit before tax had also decreased by RM20.4 million or 17.7% compared to the preceding year corresponding quarter.
For the 9 months period ended 31 January 2024, the Group reported a higher revenue and profit before tax of RM2.99 billion and RM358.6 million respectively as compared to the preceding year corresponding period which reported a Group revenue and profit before tax of RM2.48 billion and RM281.7 million respectively.
The increase in Group revenue of RM516.9 million, an increase of 20.9%, was mainly attributable to higher sales volume from the domestic operations of its Mazda marque, especially the Mazda CX-30 CKD model, which continued to register high sales volume since its launch in March 2023. PBT had also improved by RM76.9 million or 27.3% compared to the preceding year corresponding period mainly due to higher sales volume from the domestic operations of its Mazda marque.
Bermaz will declare a third interim dividend of 4.25 sen single-tier dividend per share in respect of financial year ending 30 April 2024 (preceding year’s corresponding quarter ended 31 January 2023: 4.50 sen single-tier dividend per share).
