Better O&G margins lift UMW Q2 earnings


PETALING JAYA: Better margins at its oil and gas (O&G) segment lifted UMW Holdings Bhd’s net profit for its second quarter ended June 30 despite lower contributions from the automotive, equipment, mechanical and engineering segments.

The group’s revenue was 14.8% lower at RM3.5bil, dragged down by the automotive, O&G as well as equipment segments.

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