PETALING JAYA: Bermaz Auto Bhd (BAuto) reported higher group revenue and pre-tax profit of RM1.09 billion and RM140.7 million respectively for the fir...
Bermaz Auto Bhd reported higher group revenue and pre-tax profit of RM1.09 billion and RM140.7 million respectively for the first quarter ended July 31 2023 compared to RM716.9 million and RM74.6 million respectively in the previous year’s corresponding quarter.
The board has approved and declared a first interim dividend of 5 sen single-tier dividend per share in respect of financial year ending April 30, 2024 . The entitlement date is Oct 20, 2023, and the payment date is Nov 3, 2023. Total industry volume in July 2023 of 63,676 units was 1,083 units higher compared to 62,593 units in June 2023, mainly due to normalisation of the automotive supply chains as well as fulfillment of bookings for recent new model launches.
TIV forecast for 2023 was revised upwards from 650,000 units to 725,000 units by the Malaysian Automotive Association. The automotive sector continues to register growth albeit at a slower pace following the expiry of the sales tax exemption incentives in the last quarter of the previous financial year and underpinned by improvements in the supply chains and vehicle shipments.
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