Malaysia's UMW, seller of Toyotas, up on earnings

Newswire

KUALA LUMPUR, Feb 22 (Reuters) - Shares of UMW Holdings hit their highest level in almost 9 years on Wednesday, after the Malaysian assembler and seller of Toyota Motor Corp vehicles reported higher-than-expected earnings. UMW's shares were up 5.4 percent at 6.85 ringgit by 0157 GMT, after having earlier risen as much as 6.90 ringgit. Fourth-quarter profit for the three months ended Dec.31 more than doubled to 101 million ringgit ($27.16 million), UMW said late on Tuesday. For the year, ...

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