UEM Edgenta nine-month FY2020 revenue at RM1.4bil

UEM Edgenta’s managing director and chief executive officer, Syahrunizam Samsudin (pic) said in the statement that the gorup’s recovery efforts had been hampered by higher operating costs to deliver its essential services at the front lines

PETALING JAYA: Asset management and infrastructure solutions company UEM Edgenta Bhd reported a revenue of RM1.4bil and net loss of RM34.6mil for the first nine months of FY2020 compared with RM1.7bil in revenue and a net profit of RM85.4mil for the same period a year ago, due to the Covid-19 pandemic.

In a statement, the company said its performance was largely attributed to a challenging operating environment.