Reported on June 12, 2019, Bermaz Auto Bhd (BAuto)’s net profit surged 89.5% to MYR 265.27 million in the year ended April 30, 2019 (FY2019) from MYR 139.98 million recorded in the same period in 2018.
According to BAuto, higher earnings was due to improvement in gross profit margin from the domestic operations, and a significantly higher share of profit contribution from Mazda Malaysia Sdn Bhd.
The company’s FY2019 revenue jumped 25.13% YoY to MYR 2.49 billion from MYR 1.99 billion previously due to robust sales volume growth from the domestic operations as the change in Goods and Services Tax (GST) from the standard rate of 6% to 0% from June to August 2018.
For the fourth-quarter period, BAuto’s net profit increased 5.01% YoY to MYR 60.06 million, while revenue decreased 5.66% to MYR 538.28 million.
BAuto stated that uncertainties over the ongoing U.S.-China trade war, review of mega projects by the government post General Election 14th, a persistently weak ringgit and more stringent hire purchase guidelines could further affect local consumer sentiment.
However, the company the expected launch of the all-new Mazda3, CX-8, CX-30 and the facelift of the popular CX-5 model which includes the 2.5cc Turbo variant in the second half of the calendar year 2019 might mitigate some of the challenges.
(From an article of NewStraitsTimes on June 12, 2019)
All about Mazda
| OEMs Name | Model name | Launch | Supplemental Information | |
|---|---|---|---|---|
|
JPN Mazda |
2015 | A re-badged model of Suzuki Hustler | |
|
JPN Mazda |
2015 | A re-badged model of Suzuki Spacia and Spacia Wagon | |
|
JPN Mazda |
2014 | A re-badged model of Suzuki Wagon R | |
|
JPN Mazda |
2013 | A compact hybrid sedan | |
|
JPN Mazda |
2012 | A subcompact electric hatchback |
On June 11, Mazda Toyota Manufacturing, U.S.A., Inc. (MTM) announced that construction of the MTM plant in Huntsville, Alabama remains on schedule, with the start of production expected to begin in 2021.
Staffing efforts are currently underway to fill up to 4,000 new jobs.
As a tribute to the city of Huntsville’s leadership role within the U.S. space program, Mazda Toyota Manufacturing said it will name its two assembly lines Apollo and Discovery, respectively.
Apollo was the National Aeronautics and Space Administration’s (NASA) program that resulted in 12 American astronauts walking on the moon.
The Space Shuttle Discovery completed 39 successful missions, surpassing the number of flights made by any other orbiters in NASA’s fleet.
Toyota and Mazda had announced their collaboration to establish MTM, a USD 1.6 billion joint venture that will assemble up to 300,000 vehicles annually, in August 2017.
On May 31, a new investment of MXN 1.5 billion was announced in Salamanca, Mexico to build the first stage of a new industrial park in front of Mazda’s assembly plant.
Named Sakura Park, the project will be a multimodal industrial park with service area, hotel and commercial area dedicated to serving the automotive industry, including both energy and supply businesses, and will have a warehouse for local entrepreneurs.
The park is being developed on 14 hectares of land, and will include 60 industrial buildings built within the next 36 months.
(multiple sources on May 31, 2019)