It’s been a good year indeed for UMW Holdings Bhd. Have you seen the Toyota Avanza advertisement with the little boy fully decked out in beach gear but standing sadly outside the house because the family car had no space for him and they left without him? Cars like the Toyota Avanza and the Perodua Myvi which manages to address market needs as well as they did are sure to sell like hot cakes.
Higher sales of Toyota and Perodua vehicles among other industries have helped boost UMW Holdings Bhd’s net profit for the year ended Dec 31 2005 up 67% to RM276 million. Toyota and Perodua vehicle sales went up 36.4% in 2005 to 236,341 units compared to the 173,286 units sold in 2004.