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MYEG net profit nearly doubles to Rm150.7mil in 3Q

- — Bernama

KUALA LUMPUR: MYEG Services Bhd’s net profit almost doubled to Rm150.71mil in the third quarter (3Q) ended Sept 30, 2022, from Rm78.46mil a year earlier.

The e-government services provider said the improved profit as well as 3.7% higher revenue of Rm162.62mil were mainly due to the resumption of full operations of its nationwide e-service centres, higher contributi­on from the foreign worker job matching service and contributi­on from the sale of zetrix tokens.

The better results were also attributab­le to a one-off recognitio­n of fair value gain in investment resulting from the listing of MYEG’S investment in Agmo Holdings Bhd on Aug 18, 2022, the company said in a filing with Bursa Malaysia.

On its prospect, MYEG said its board is cautiously optimistic that its long-term outlook remains positive as the company continues to introduce innovative services by leveraging new technologi­es in Malaysia as well as globally.

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