KUALA LUMPUR: The three-month tax holiday period ending in September is driving up sales at UMW Holdings Bhd
.
Revenue contribution from the group’s automotive business jumped 5.4% to RM2.38bil in the second quarter ended June 30, as consumers took advantage of the GST-free period to purchase new cars. New models launched during the quarter boosted demand, the company said in a filing with Bursa Malaysia today.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
