MyEG Services posts 4Q net profit of RM60.42m

MyEG said the contribution of revenue and net profit for the quarter and 12 months were mainly due to concession related services such as Immigration and Road Transport Department related and ancillary services.

KUALA LUMPUR: E-government services provider MyEG Services Bhd posted net profit of RM60.42mil in the fourth quarter ended Sept 30,2019 on the back of RM119.14mil in revenue.

It announced on Thursday the increase in net profit of 3.20% amounting to RM1.87mil from the third quarter's RM58.20mil was primarily due to gains from foreign worker recruitment and placement related services and cost reduction in administrative expenses in 4Q. Its earnings per share were 1.7 sen.