Brokerages expect UMW to turn in improved H2


KUALA LUMPUR: UMW Holdings Bhd is heading towards a better second half fuelled by an improved performance in the motor vehicle industry, favourable forex rates and higher contribution from the oil and gas segment.

The company posted a net profit of RM79mil in the second quarter ended June 30, bringing its first-half net profit to RM145.4mil.

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