KUALA LUMPUR (Bernama) — MY E.G Providers Bhd (MYEG) posted a better web revenue of RM78.46 million for the third quarter ended Sept 30, 2021 (Q3) from RM70.74 million recorded in the identical interval in 2020.
Income elevated to RM156.80 million versus RM136.10 million beforehand.
In a submitting with Bursa Malaysia, the corporate mentioned the upper web revenue and income had been derived from amongst others, the contribution from its new concession providers, particularly on-line renewal of motorbike insurance coverage and highway tax in addition to on-line renewal of Competent Driving Licence.
The higher efficiency was additionally attributed to contributions from new business providers, particularly COVID-19 well being screening, quarantine assortment providers underneath MySafeTravel and MySafeQuarantine, in addition to the elevated on-line sale of groceries by means of its “Nak Beli” on-line retailer.
Fundamental earnings per share inched as much as 1.1 sen in contrast with one sen earlier than.
For the monetary yr ending Dec 31, 2021, MYEG expects to proceed introducing progressive providers by leveraging on new applied sciences in Malaysia in addition to the nations through which it has a presence to drive the natural development for the yr.
“The COVID-19 pandemic has adversely impacted economies all over the world and Malaysia has not been spared. Though this pandemic is ongoing, we’re optimistic that our enterprise will stay resilient whereas we stay vigilant for brand spanking new alternatives.
“The board is cautiously optimistic that the long-term outlook for MYEG stays optimistic as we proceed to introduce progressive providers in Malaysia and the nations the place we have now a regional presence,” it mentioned.
