Saturday, 04 Jul 2020
EXCLUSIVE PRESS
25/06/2020 06:01 PM

- The Group’s net profit increased by 32% in 2019
- The Group is taking a two-pronged approach to mitigate the impact of COVID-19 on its operations
- Measures are in place for post-COVID-19 recovery, elevating revenue while consolidating business processes and expanding market reach

KUALA LUMPUR, June 25 (Bernama) -- Following its 38th Annual General Meeting (“38th AGM”) today, UMW Holdings looked back on its achievements in 2019 and elaborated on its plans for 2020 and beyond.

UMW Holdings Berhad Acting President and Group CEO, Azmin bin Che Yusoff said, “In the interest of public health and the requirement for social distancing, the 38th AGM of UMW Holdings Berhad was held virtually. 2019 was a good year for us as we continue to balance meeting immediate shareholder expectations with delivering long-term value. The Group has accomplished several key milestones in 2019 and subsequently increased its net profit by 32% to RM454.4 million from RM344.5 million registered in 2018.”

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