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high quality apple developer account(buyappleacc.com):MyEG earnings rise 28% in Q2

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,In a filing with Bursa Malaysia, the group said the net profit was also bolstered by an overall rise in online transaction volumes for its existing concession and commercial services as more users opted to transact online due to the Covid-19 pandemic.

PETALING JAYA: MyEG Services Bhd’s net profit rose about 28% to RM80.68mil in the second quarter ended June 30 from RM63.06mil a year ago driven by its new concession and commercial services.

In a filing with Bursa Malaysia, the group said the net profit was also bolstered by an overall rise in online transaction volumes for its existing concession and commercial services as more users opted to transact online due to the Covid-19 pandemic.

MyEG has proposed a first interim dividend of 0.25 sen per share.

During the qurter in review, the group’s revenue surged 30% to RM161.73mil from RM124.34mil a year ago due to its concession and commercial services which were introduced in the second half of the financial year ended Dec 31, 2020 (FY20).

For FY21, MyEG said it would continue to introduce innovative services by leveraging on new technologies in Malaysia as well as the countries which it has a presence in, to drive its growth.

Despite the pandemic, the group is optimistic that its business would remain resilient as it continues to introduce innovative online services.


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