KUALA LUMPUR (Dec 13): Bermaz Auto Bhd (BAuto) shares rose 2.36% this morning after it recorded a more than three-fold jump in net profit to RM73.92 million or 6.36 sen per share in the second quarter ended Oct 31, 2018 (2QFY19) owing to better sales during the 3-month tax holiday, improved vehicle sales mix and margins.
At 9.06am, BAuto rose 5 sen to RM2.17 with 329,700 shares done.
Other contributing factors were the stronger ringgit against the Japanese Yen, and significantly higher share of profit contribution from its associate company, Mazda Malaysia Sdn Bhd, due to the higher production volume for the new CX-5 model.