2007 ANNUAL REPORT  

2007 was another record year for UMW, our 5th profit record-breaking year in the last 7 years. Our good performance was underpinned by an overall healthy economy which supported the sectors that we operate in and the cohesive execution of the Group’s strategy by the Board, management and workforce.

For the year under review, the Group posted a 13.5% growth in profit before taxation to another new record of RM856.3 million. The growth in profit was attributable to a large extent to the 77.2% increase in contribution from associated companies and also better overall performance by all our operations. Our revenue improved slightly to RM9,976.2 million despite the deconsolidation of revenue from WSP Holdings Limited, which became an associated company in the Group pursuant to an internal restructuring exercise prior to the company’s listing on the New York Stock Exchange.

Net profit attributable to shareholders improved to RM469.1 million from RM305.9 million, raising the basic earnings per share to 44.6 sen from 30.2 sen. The Group’s balance sheet remained strong as shareholders’ funds expanded further from RM2,560.1 million as at 31 December 2006 to RM3,130.1 million at the end of 2007.


2006 Annual Report  

The year 2006 turned in higher profitability for the UMW Group against a marginal increase in turnover. It was yet again another record year for UMW.

Aided by a growing economy, a good business portfolio mix, a dedicated work force and valuable advice and guidance from our Board of Directors, the Group achieved a turnover of RM9,950.5 million (2005 - RM9,868.8 million) and profit before taxation of RM754.3 million (2005 - RM657.5 million), an all-time high for the UMW Group.

At the net profit attributable to shareholders’ level, UMW Holdings registered a 7.6% increase in earnings to RM305.9 million. Basic earnings per share improved to 60.3 sen (2005 - 56.2 sen per share).

The Group continued to remain on solid financial footing, with shareholders’ funds of RM2.560 billion, up 9.3% from 2005, and a net cash position of RM1.142 billion as at year-end. Net assets per share stood at RM5.02 versus RM4.62 in 2005.