BAuto Q1 net profit up 12% despite lower revenue

In a statement, BAuto said revenue for the quarter was impacted by the lower sales volume registered from domestic operations due to lockdown, as all showrooms were not allowed to operate for two months since the beginning of June 2021.

PETALING JAYA: Bermaz Auto Bhd (BAuto) recorded an increase of 12% year-on-year (y-o-y) in net profit to RM10.3mil in the first quarter of its financial year ending April 30, 2022 (FY22) despite a 28.5% y-o-y decline in revenue.

The group announced a first interim dividend of 0.50 sen per share.