MyEG net profit doubles to RM150.7mil in Q3

MyEG says its board is cautiously optimistic the long-term outlook remains positive.

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. — Bernama

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MyEG , earnings , revenue , outlook


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