Commenting on the results, UMW president and group CEO Badrul Feisal Abdul Rahim said the group was actively enhancing its operational efficiencies through cost optimisation initiatives and better business synergies
PETALING JAYA: UMW Holdings Bhd
’s net profit fell 32.3% to RM84.19mil for the second quarter (Q2) ended June, compared with RM124.38mil in the corresponding quarter last year, in the absence of a one-off reversal of provisions.
During the quarter in review, the diversified conglomerate saw its revenue fall 1.6% to RM2.97bil from RM2.92bil in the previous corresponding quarter, and its earnings per share (EPS) slid to 7.21 sen from 10.64 sen previously.
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