MyEG reports higher earnings in third quarter

MyEG said the better performance during the quarter was a result of contribution from Web 3.0 application service fees on the Zetrix blockchain platform.

PETALING JAYA: MyEG Services Bhd expects to continue introducing innovative services by leveraging on new technologies, specifically blockchain or Web 3.0 in Malaysia as well as globally, to drive organic growth in its current financial year.

In a filing with Bursa Malaysia, the company said net profit for the third quarter ended Sept 30, 2024, rose to RM195.05mil from RM120mil a year earlier, while revenue grew to RM248.13mil from RM194.12mil previously.