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Cover Story: Bermaz Auto picks up speed with Kia JV

Cover Story: Bermaz Auto picks up speed with Kia JV
The Edge
4 hrs ago
Liew Jia Teng
© Provided by The Edge
FEW would dispute that Bermaz Auto Bhd (BAuto) has had an impressive track record of distributing Mazda vehicles in Malaysia over the past 13 years under the leadership of automotive industry veterans Datuk Seri Ben Yeoh Choon San and Datuk Francis Lee Kok Chuan.
When the Japanese car brand was initially distributed by Cycle & Carriage Bintang Bhd, only 500 to 600 cars were sold in the country each year. But since BAuto then controlled by Berjaya Corp Bhd took over the Mazda distributorship in 2008, total vehicle sales in Malaysia grew significantly from 886 units in the financial year ended April 30, 2009 (FY2009) to 9,484 units in FY2020. ....

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BAuto posts 22% increase in Q3 net profit, declares 1.5 sen dividend

11 Mar 2021 / 09:30 H.
PETALING JAYA: Bermaz Auto Bhd’s (BAuto) net profit for its third quarter ended Jan 31, 2021 increased 21.8% to RM33.08 million from RM27.15 million in the previous year’s corresponding quarter, largely due to the higher profit contribution from the domestic operations, which was mainly from higher unit sales.
It reported a 27.9% increase in revenue to RM597.98 million in the current quarter under review as compared to the revenue of RM467.46 million registered in the corresponding quarter of the previous year.
The improvement in sales volume for the domestic operations was mainly attributed to the positive impact from the Short-Term Recovery Plan (Penjana) economic stimulus package introduced by the government in June 2020 which provides 100% sales tax exemption on CKD vehicles and 50% sales tax exemption on CBU vehicles from June 15, 2020 to Dec 31, 2020. ....

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Quick take: Bermaz Auto rises 3.7% on earnings beat

(BAuto) rose in early trade Thursday after posting a 21.8% jump in net profit in the third quarter ended Jan 31.
The Mazda car distributor added 3.7%, or five sen to RM1.40, its highest in two weeks.
BAuto’s net profit rose 21.8% to RM33.08mil for the third quarter ended Jan, 2021 from RM27.15mil in the same period last year.
Revenue also grew 27.9% to RM 597.98mil from RM467.46mil previously.
The group has declared a dividend of 1.50 sen per share for the third quarter.
For the nine months to Jan 31, BAuto posted a net profit of RM67.1mil on revenue of RM1.64bil. ....

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Bermaz 3Q profit jumps 21.85% on-year, declares 1.5 sen dividend

Bermaz Auto Bhd's net profit in its third quarter ended Jan 31, 2021 (3QFY21) rose 21.85% to RM33.08 million from RM27.15 million a year ago on higher local sales of vehicles, the company said today. ....

Kuala Lumpur , Sdn Bhd , Movement Control Order , Berjaya Auto Alliance Sdn Bhd , Bermaz Auto Bhd , Mazda Malaysia Sdn Bhd , Southeast Asia , Bermaz Auto , குவாலா லம்பூர் , ஸ்டன் ப்ட் , இயக்கம் கட்டுப்பாடு ஆர்டர் , பெர்ஜயா ஆட்டோ கூட்டணி ஸ்டன் ப்ட் , மாஜ்த மலேசியா ஸ்டன் ப்ட் , தென்கிழக்கு ஆசியா ,

BAuto quarterly net profit up on higher sales

BAuto quarterly net profit up on higher sales
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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