Mega First 3Q revenue falls

PETALING JAYA: Mega First Corp Bhd saw its revenue decline by 13.8% year-on-year (y-o-y) to RM320.4mil, mainly due to the deconsolidation of Serudong Power Sdn Bhd, for the third quarter of its financial year 2023 (3Q23).

Net profit fell 14.2% y-o-y to RM102.5mil from RM119.5mil in 3Q22. Earnings per share dropped to 10.87 sen from 12.64 sen.