Bermaz Auto Bhd Outstanding Result
9 Dec, 2022
Category: Automotive
Tags: Bermaz Auto
The company share price shoots up after the quarter result is released.

Bermaz Auto Berhad, the distributor of Mazda, Peugeot, and Kia brand vehicles, delivered great quarter results due to these reasons:
1) Continued fulfillment of the huge backlogs accumulated approaching the expiration of sales tax exemption
2) Strengthening of MYR against the JPY had partially lifted its net profit margin to 8.4% from 5.4%.