UMW Q3 net profit rises to RM100.7mil

KUALA LUMPUR: UMW Holdings Bhd (UMW) recorded an impressive net profit of RM100.70 million for the third quarter ended Sept 30, 2022 (Q3 2022) against a net loss of RM47.90 million a year earlier.

Revenue doubled year-on-year to RM4.06 billion from RM2.02 billion previously, the automotive industry company said in a filing with Bursa Malaysia today.