UMW Q3 net profit slips to RM101mil

KUALA LUMPUR (Bernama) -- UMW Holdings Bhd’s net profit narrowed to RM101.28 million in the third quarter ended Sept 30, 2020 (Q3FY20) from RM110.29 million in the same period last year.

Revenue also shrank to RM2.66 billon from RM2.89 billion previously mainly pressured by lower sales in all business segments, following the Recovery Movement Control Order (RMCO) which were implemented since June due to the COVID-19 pandemic, it said in a filing with Bursa Malaysia today.