MyEG revenue and profit higher

Some funds are believed to be just taking a risk-off mode to MyEG as the Government may review the company’s online monopoly.

PETALING JAYA: My EG Services Bhd’s (MyEG) net profit for the fourth quarter rose 16.7% to RM59.48mil while revenue jumped 20.3% to RM105.1mil.

The e-government services provider’s higher earnings and revenue were attributed to higher transaction volume from the online renewal of foreign workers’ permits (FWP), foreign workers rehiring programme services (FWR Services) and foreign workers’ insurance from both FWP and FWR Services.