UMW 1Q net profit jumps to RM101.21mil

KUALA LUMPUR: UMW Holdings Bhd's net profit jumped to RM101.21 million in the first quarter ended March 31, 2022 (Q1 2022) from RM79.80 million in Q1 2021.

Revenue soared to RM3.65 billion from RM2.95 billion previously, mainly due to the higher sales in all core segments, save for the manufacturing and engineering segments following the disposal of a subsidiary in the prior year, the company said in a filing with Bursa Malaysia today.