UMW to push oil and gas ops


  • Business Premium
  • Wednesday, 07 Jul 2004

UMW Holdings Bhd, in its efforts to diversify from its automotive business, is aggressively expanding its oil and gas-related operations, which it sees as a significant contributor to group profits over the next two to three years. 

Group managing director and chief executive officer Dr Abdul Halim Harun said: “The group is confident its current investments in the oil and gas-related projects will offer the potential to generate healthy returns even in the near term.” 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Southern Cable 1Q net profit falls 27% to RM2.6mil Premium
MGRC reports almost 10-fold profit jump in 3Q Premium
Nestle appoints Syed Saiful Islam as CFO Premium
GIIB: Sufficient basis to hold executive director accountable for misconduct Premium
Hektar REIT net property income rises 18% in 1Q Premium
S P Setia posts net profit of RM67.5mil in 1Q Premium
Sports Toto 3Q net profit surges more than four-fold Premium
Destini secures RM531.4mil contract from MoT Premium
Ringgit ends unchanged versus US dollar Premium
SCIB secures EPCC contract worth RM38mil Premium

Others Also Read