KUALA LUMPUR: Bermaz Auto Bhd’s (BAuto) net profit for the financial year ended April 30, 2022 (FY22) rose to RM155.72mil from RM133.84mil in the previous financial year mainly due to the better margin from the sales mix of completely-knocked-down vehicles.

       Revenue also rose by 1.6% to RM2.32bil from RM2.29bil previously, largely due to sales contribution from newly acquired Peugeot and Kia marques and partly offset by lower sales volume from its domestic Mazda operations, it said in a filing with Bursa Malaysia yesterday.

       For the fourth quarter, BAuto’s net profit increased to RM78.7mil compared with RM66.83mil in the same quarter last year, while revenue for the quarter jumped to RM897.36mil from RM641.20mil previously.

       BAuto remained cautious about the performance of the company and the automotive sector for the financial year ending April 30, 2023. — Bernama

       StarCarSifu