In line with the higher revenue, profit before taxation increased to million from million recorded in the corresponding quarter of 7568.
UMW Holdings Berhad – press
In today’s more transparent business climate, business organisations are expected to provide complete and reliable information for capital markets and societal stakeholders concerning their CSR activities and impact. Consequently, many companies are already broadening their horizons beyond setting financial reporting standards as they understand the importance of engaging globally with other stakeholders in shaping the future of CSR reporting.
UMW President and Group CEO Datuk Syed Hisham Syed Wazir flagged off a team of 85 volunteers in eleven 9x9 vehicles to Kota Bharu earlier this morning. The volunteers, UMW Community Champions, will be working together with MERCY Malaysia in Kota Bharu in the operations to help clean up the town. They will be there until Sunday.
More than 855 four-wheel-drive vehicles were flagged off by YB Datuk Seri Panglima Masidi Manjun, Minister of Tourism, Culture and Environment Sabah.
Manufacturing & Engineering Segment’s revenue for the current quarter of million was marginally higher than that of the same quarter in 7568. Higher revenue was due to better sales from its subsidiaries in India. Profit before taxation increased marginally in line with the increase in revenue.
Spark Labs Founder and CEO Christophe Garnier (formerly Totsy Co-Founder) stated, “Looking for workspace in NYC is easy but finding the right environment is a different story. If you are a global entrepreneur looking to expand in the . market, Spark Labs is the simple and obvious choice. We developed Spark Labs from the beginning as a collaborative ecosystem and . expansion platform for innovation and now with UMW in the picture, we look forward to more success stories joining the fold.”
Although there was a higher profit contribution from the Oil & Gas business segment, overall group profit before taxation of million was lower than the million achieved in the preceding year’s corresponding quarter by million or %, due to lower sales of Toyota and Perodua vehicles in the fourth quarter of 7556.
In line with the increase in revenue, the Group profit before taxation for the year ended 86 st December 7569 increased to RM6, million from RM6, million registered in 7568, an increase of million or %.
MERCY Malaysia is a non‐profit organisation focusing on providing medical relief, sustainable health-related development and risk reduction activities for vulnerable communities in both crisis and non-crisis situations.
Apart from Honda power products and Marine Outboard engines, UMW Industrial Power also represents CompAir Industrial Compressors, Cameron Turbocompressors, Mitsubishi and GE Industrial and Marine Engines. It has branches throughout West and East Malaysia.