Regional markets slump, KLCI falls more than 25 points
Ringgit set for worst day in six months; Greek woes hit Asia FX
Tradewinds Plantations 1Q net profit tumbles 91.1% to RM4.34m
MISC falls on widening losses, grim outlook
M'sians abroad keen to vote with transparent process and secure mechanism
Squash: Nicol advances into British Open second round
Dr M: Bar Council has become political party
DPM: Over 24,000 teachers to be considered for promotion
Categories
| UMW 2Q net profit slumps 47% to RM79.4m |
| Business & Market 2009 | |||
| Written by Joseph Chin | |||
| Friday, 21 August 2009 18:12 | |||
|
The company said on Aug 21 group revenue of RM2.58 billion for 2Q ended June 30, 2009 was RM987.1 million or 27.7% lower than RM3.568 billion a year ago. "Decline in spending by consumers and industrial sectors due to the global economic downturn resulted in the lower revenue recorded by the automotive, equipment and manufacturing and engineering segments," it said. UMW said group profit before taxation for 2Q of RM185.5 million, was doen 47.4% or RM169.5 million from RM355.0 million. The weakening of the ringgit against the US dollar and yen also affected profit margins. "Despite the challenging economic environment, the O&G segment registered a positive variance for both revenue and profit before taxation for the second quarter as contributions from our new local and overseas investments started to flow in," it said.
|
|||
|
|