KUALA LUMPUR, Aug 29 — MyEG Services Bhd’s net profit rose to RM88.64 million in the second quarter ended June 30, 2022 (Q2 2022) from RM80.68 million in the same period last year due to resumption of full operations of its e-service centres nationwide.
The better result was also due to higher contribution from the foreign worker job matching service and contribution from the sale of blockchain Zetrix token.
Revenue improved slightly to RM161.79 million from RM161.73 million previously, the electronic government solutions and services provider said in a filing to Bursa Malaysia today.
Going forward, MyEG expects to continue introducing innovative services by leveraging new technologies in Malaysia as well as the countries in which it has a presence, to drive organic growth for financial year 2022.
With the government lifting restrictions put in place during the pandemic, MYEG has now embarked on bringing blockchain to the forefront by introducing a Layer 1 blockchain platform, namely Zetrix.
At the same time, MYEG is collaborating with its partners to integrate Zetrix with China’s national blockchain platform — Xing Huo, it said.
“With such collaboration, the group will be able to start introducing commercial services which can be used globally.
“The Board (of Directors) is cautiously optimistic that the long-term outlook for MYEG remains positive as the company continues to introduce innovative services in Malaysia as well as globally,” it added.
The company declared a first interim single tier dividend of 0.25 sen per ordinary share for the current financial year ending Dec 31, 2022, payable on Nov 25, 2022.
