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Friday, February 25, 2011

MYEG Q2 increases profit by 22pc (BT)

MY E.G. Services Bhd (MYEG) has announced that its pre-tax profit rose 22.3 per cent to RM5.843 million for the second quarter ended Dec 31, 2010, from RM4.777 million in the corresponding quarter of the previous financial year.

The growth in profit was achieved on the back of a 14.3 per cent revenue growth to RM16.969 million from RM14.840 million previously.

The top line growth was attributed to the increase in theory test-taking for the Highway Code, and encouraging growth in auto insurance and road tax transactions during the period, it said in a statement.

The Group also noted an increase in online summons payments via its portal during the Police campaign in the quarter, it said.

Its earnings per share stood at 1.0 sen from 0.8 sen.

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