UMW Holdings Bhd is taking a two-pronged approach to mitigate the impact of Covid-19 on its operations. — Pic courtesy of UMW Toyota
The automotive segment is implementing innovative sales and after-sales campaigns via online platform, coupled with attractive financing packages. “Against the backdrop of unprecedented challenging business environment, UMW has set in place measures to mitigate the adverse effects of a dampened business outlook and weak private consumption.
UMW is also improving its inventory management and optimising its production capacity, while ensuring consistent engagement with customers, principals and original equipment manufacturers. In 2019, UMW’s net profit surged by 32 per cent to RM454.44 million, on the back of higher revenue of RM11.74 billion.
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