KUALA LUMPUR (Bernama) -- UMW Holdings Bhd’s net profit surged to RM97.27 million in the first quarter ended March 31, 2021, from RM44.32 million in the same period a year earlier.
This was thanks to a higher revenue of RM2.95 billion achieved for the quarter compared with RM2.12 billion in the previous year’s corresponding period, which was mainly due to the higher sales in the automotive and equipment segments following the relaxation of the Movement Control Order (MCO), the group said in a filing with Bursa Malaysia today.