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It is involved in four core businesses – Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call – Beyond Boundaries®, UMW is set to become a truly world-class organisation, knowing that a world class brand never forgets its responsibility to society.
In addition, the profit before taxation improved further from the higher investment income from placement of the IPO proceeds.
Topmark KUALA LUMPUR, 19 January 2017 - UMW Holdings Berhad (UMWH) today announced it is refocusing on its core businesses of automotive, equipment and manufacturing & engineering.The lower contribution was attributed to lower sales by the auto component manufacturers especially for 4-wheeler products.The Board has declared an interim single-tier dividend of 20% or 10 sen (2014 - 20% or 10 sen) per share of RM0.50 each amounting to a net dividend payable of approximately RM116.8 million (2014 – RM116.8 million) for the year ending 31 December 2015, to be paid on 8 October 2015.The lower profit was also due to the termination of contract of UMW NAGA 7 with Frontier Oil Corporation (“FOC”).UMW NAGA 7 was ready for deployment in February 2015.