KUALA LUMPUR: Bermaz Auto
is looking ahead to a challenging year as vehicles sales in the country have been impacted by the influx of Chinese-made vehicles.
"The launching of new and/or new facelifts models of the group’s existing and new vehicle marques are dependent on the market sentiments and economic conditions then," the auto dealer said in a statement.
In the second quarter ended Oct 31, 2024, Bermaz Auto posted a net profit that more than halved to RM40.35mil from RM90.1mil in the year-ago quarter, which resulted in an earnings per share of 3.45 sen against 7.73 sen previously.
The group reported a 35.8% drop in revenue to RM646.86mil in the quarter under review from to RM1.01bil in the year-ago quarter, mainly due to lower sales volume from its Mazda and Kia marque domestic operations arising from the increasing competitive environment in the automotive industry.
The board of directors declared a second interim dividend of three sen per share, going ex on Jan 16, 2025, and payable on Feb 7, 2025.
For the six months period, Bermaz Auto's net profit was RM110.57mil against RM190.32mil in the year-ago period, while revenue fell to RM1.49bil from RM2.1bil in the comparative period.
