MyEG 2Q net profit improves to RM63m q-o-q, positive on prospects - News Summed Up

MyEG 2Q net profit improves to RM63m q-o-q, positive on prospects


KUALA LUMPUR (Aug 27): My EG Services Bhd (MyEG) reported a net profit of RM63.06 million in the second quarter ended June 30, 2020 (2QFY20) on revenue of RM124.34 million. On a quarter-to-quarter basis, its net profit was 7.16% higher against RM58.84 million in 1QFY20 while revenue also increased 2.13% compared with RM121.74 million. For its cumulative six-month period, MyEG posted a net profit of RM121.9 million on revenue of RM246.08 million. The pandemic also presents new opportunities for MyEG to introduce innovative online services. Some 18.59 million shares were traded today.


Source: The Edge Markets August 27, 2020 11:48 UTC



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