KUALA LUMPUR (May 31): MY EG Services Bhd's (MYEG) net profit for the first quarter ended March 31, 2021 (1QFY21) increased by 29.7% year-on-year (y-o-y) to RM76.29 million, from RM58.84 million. In a bourse filing, the e-government services company noted that its revenue increased by 40.8% y-o-y to RM171.46 million, from RM121.74 million in 1QFY20. The group said the higher bottom line and top line earnings were due to higher contributions from its new concession services, namely the online renewal of motorcycle insurance and road tax (MIRT), as well as online renewal of Competent Driving License (CDL). "The Covid-19 pandemic has adversely impacted economies around the world and Malaysia has not been spared. For instance, during these trying times, we continue to introduce innovative online services such as our Covid-19 health screening, as well as new concession services such as the online renewal of MIRT and online renewal of CDL for the convenience of Malaysians.