MyEG nets in stronger RM6.7m profit for Q2 (BT)

MY E.G. Services Bhd (MyEG), the country's e-government service provider, saw its net profit for the second quarter ended December 31 2011 rise by 15.3 per cent to RM6.7 million.

Group revenue for the quarter jumped 26.8 per cent to RM16.92 million.

The better figures were attributed mainly to its cloud computing-based services, as well as higher volume from Road Transport Department-related and insolvency search applications.

Meanwhile, MyEG hopes to increase the adoption of its latest e-government service - the temporary ownership transfer, or E-Tukar Hakmilik Sementara.

Launched in December last year, E-Tukar aims to solve all issues concerning the transfer of ownership of a vehicle during its selling process to a used-car dealer.

Read more: MyEG nets in stronger RM6.7m profit for Q2 http://www.btimes.com.my/Current_News/BTIMES/articles/myeg29/Article/#ixzz1np871OFk