Thursday, 27 Aug 2020 12:18 PM MYTKUALA LUMPUR, Aug 27 — UEM Edgenta Bhd recorded a net loss of RM15.2 million in the second quarter ended June 30, 2020 compared with a net profit of RM68.1 million in the previous corresponding period.In a statement today, managing director and chief executive officer, Syahrunizam Samsudin said UEM Edgenta’s normalised net profit stood at RM34.
He said the growth in normalised net profit for Q2 FY2020 compared to the previous quarter was proof of the company’s prudent efforts in managing its operating costs and preserving margins on the back of the full Covid-19 pandemic impact during the quarter. UEM Edgenta will continue to play a leading role in supporting national economic recovery efforts and work with its clients to ensure services are delivered at the highest level of quality in the present challenging period.
“Our business fundamentals remain firm, as we focus on managing costs and maintaining prudent cashflow management to ensure business resiliency without sacrificing potential opportunities and investments for growth in selected businesses,” said Syahrunizam.