MyEG earnings rise 28% in Q2

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.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 .

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.

Please considering sparing some of that profit to increase your delivery services.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Petronas Gas posts lowers earnings in Q2 on higher operating cost | Malay MailKUALA LUMPUR, Aug 23 — Petronas Gas Bhd’s (PetGas) net profit eased to RM439.07 million in the second quarter ended June 30, 2021, from RM547.10 million in the same period a year earlier. The group said the lower earnings for the quarter were due to higher operating costs of gas processing, gas...
Source: malaymail - 🏆 1. / 86 Read more »

Kenanga lowers earnings forecast on Petronas DaganganKUALA LUMPUR: Petronas Dagangan Bhd could be faced with a potentially weaker quarter in 3Q after posting weaker-than-expected results in the first half of the year on lower peoduct margin spread and lower sales volume.
Source: staronline - 🏆 4. / 75 Read more »