UMW first quarter earnings up by 17%
UMW president and group chief executive officer, Badrul Feisal Abdul Rahim(pic), said the group would continue to strengthen its presence in the automotive market, especially with its new state-of-the-art assembly plant
PETALING JAYA: UMW Holdings Bhd 
’s net profit for its first quarter ended March 31 rose 17% to RM86.50mil from RM74.08mil in the previous corresponding period, driven by the better performance of its automotive and manufacturing and engineering (M&E) segments.
Revenue in the quarter grew to RM2.77bil from RM2.42bil a year earlier, the company said in a filing with Bursa Malaysia yesterday.
“The group posted a profit before taxation from continuing operations of RM140.7mil for the current quarter compared to RM154.3mil in the same quarter of the previous year. The decrease was mainly due to a lower performance from the automotive and equipment segment.
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