UWC reports lower earnings for 2Q

TheStar Tue, Mar 08, 2022 07:23pm - 2 years View Original


KUALA LUMPUR: UWC Bhd’s net profit fell 8% to RM25.1mil in the second quarter ended Jan 31, 2022 (2Q22) from RM27.24mil a year ago.

The integrated engineering supporting services provider said the lower profit was due to higher depreciation expenses and higher staff costs incurred in the current quarter as compared to the corresponding period in the previous financial year as a result of substantial capital investment and also increase in headcount in relation to our corporate expansion plan.

Its revenue for the quarter stood at RM79.9mil, up 2.7% from RM77.8mil a year prior, mainly due to the continued demand from the group’s global customers in the semiconductor and life science and medical technology industry.

In the first six months to Jan 31, 2022, UWC posted a net profit of RM48.12mil on revenue of RM155.17mil.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

BKAWAN 19.680
UWC 2.880

Comments

Login to comment.