OTHERS MY E.G. Services Berhad ("MYEG" or the "Company") - Proposed Final Dividend MY E.G. SERVICES BERHAD
Type Announcement Subject OTHERS Description MY E.G. Services Berhad ("MYEG" or the "Company") - Proposed Final Dividend The Board of Directors of the Company is pleased to recommend a final dividend of 1.17 sen per ordinary share in respect of the financial year ended 31 December 2022. The declaration of the final dividend is subject to the approval of the Company's shareholders at the forthcoming Twenty-Second Annual General Meeting of the Company.
The dividend entitlement and payment dates will be determined by the Board of Directors at a later date.
This announcement is dated 27 February 2023.
Announcement Info Company Name MY E.G. SERVICES BERHAD Stock Name MYEG Date Announced 27 Feb 2023 Category General Announcement for PLC Reference Number GA1-27022023-00123
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) MY E.G. SERVICES BERHAD
Particulars of substantial Securities Holder Name KUMPULAN WANG PERSARAAN (DIPERBADANKAN) Address Level 36, Integra Tower The Intermark 348 Jalan Tun Razak Kuala Lumpur 50400 Wilayah Persekutuan Malaysia. Company No. KWAPACT6622007 Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 24 Feb 2023 12,900,000 Acquired Indirect Interest Name of registered holder Kumpulan Wang Persaraan (Diperbadankan) Address of registered holder Level 36, Integra Tower The Intermark 348 Jalan Tun Razak 50400 Kuala Lumpur Wilayah Persekutuan Malaysia Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Acquisition of shares in open market by KWAP's Fund Manager Nature of interest Indirect Interest Direct (units) 454,129,864 Direct (%) 6.119 Indirect/deemed interest (units) 99,693,257 Indirect/deemed interest (%) 1.343 Total no of securities after change 553,823,121 Date of notice 27 Feb 2023 Date notice received by Listed Issuer 27 Feb 2023
Remarks : The percentage of direct and indirect interests as at Date of Notice exclude 55,595,400 ordinary shares bought back by the Company and retained as treasury shares.
Announcement Info Company Name MY E.G. SERVICES BERHAD Stock Name MYEG Date Announced 27 Feb 2023 Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 Reference Number CS2-13022023-00111
For the Quarter under review, the Group recorded a Revenue of RM165.01 million, a marginal increase of RM2.39 million (1.47%) as compared to Q3 FY2022 Revenue of RM162.62 million. However, the Group’s PAT of RM74.87 million achieved in Q4 FY2022 which represent a decrease of RM77.16 million (50.75%) as compared to Q3 FY2022 PAT of RM152.03 million was primarily due to the impairment in our investment in Agmo Holdings Berhad as a result of mark-to- market practice. However, operating PAT (excluding the impairment loss) amounted to RM91.25 million as compared to RM90.14 million (excluding the fair value gain) in Q3 FY2022. The marginal increase in operating PAT of approximately RM1.11 million (or 1.23%) was primarily attributable to an overall increase in Revenue from our existing concession and commercial services.
Esok terbang laju... KWAP starred buying myeg again .. potensi biznya tak terbatas .. global dan scalable...
Prospect of the Group For the financial year ending 31 December 2023 (“FYE2023”), MYEG expects to continue introducing innovative services by leveraging on new technologies, specifically blockchain or Web 3.0, in Malaysia as well as globally, to drive our organic growth for FYE2023. With its Layer 1 blockchain platform namely Zetrix coming online, there is a huge potential for MYEG to commercialise innovative services as Web 3.0 becomes widely adopted. Furthermore, Zetrix has also been integrated with China’s national blockchain platform, namely “Xing Huo” which will allow ease of cross border trade to take place and it will be the Group’s foray into the global market. Barring any unforeseen circumstances, the Board is cautiously optimistic that the long-term outlook for MYEG remains positive as we continue to introduce innovative services in Malaysia as well as globally.
KWAP continued to increase its stake in myeg... Limit up tomorrow... Back to pre attack price is inevitable:)
Circumstances by reason of which change has occurred Acquisition of shares in open market by KWAP's Fund Manager Nature of interest Indirect Interest Direct (units) 454,129,864 Direct (%) 6.119 Indirect/deemed interest (units) 99,693,257 Indirect/deemed interest (%) 1.343 Total no of securities after change 553,823,121 Date of notice 27 Feb 2023 Date notice received by Listed Issuer 27 Feb 2023
KUALA LUMPUR: My E.G. Services Bhd’s (MYEG) net profit for the financial year ended Dec 31, 2022 (FY2022) jumped 26.2 per cent to RM398.70 million from RM316.01 million in the previous year.
Revenue, however, fell 10.11 per cent to RM651.18 million from RM724.41 million previously due to lower demand for its quarantine services.
For the financial year ending Dec 31, 2023 (FY2023), MYEG expects to continue introducing innovative services by leveraging new technologies, specifically blockchain or Web 3.0, in Malaysia as well as globally, to drive its organic growth for FY2023.
"With its Layer 1 blockchain platform, namely Zetrix, coming online, there is a huge potential for MYEG to commercialise innovative services as Web 3.0 becomes widely adopted.
"Furthermore, Zetrix has also been integrated with China’s national blockchain platform, namely "Xing Huo” which will allow ease of cross-border trade to take place, and it will be the group’s foray into the global market,” it added.
MYEG said the board is cautiously optimistic that the long-term outlook for MYEG remains positive as it continues to introduce innovative services in Malaysia as well as globally.
It added that a final dividend of 1.17 sen per share in respect of the financial year ended Dec 31, 2022, has been recommended, subject to the approval of the company’s shareholders at the forthcoming annual general meeting.
"The dividend entitlement and payment dates will be determined at a later date,” it added. - Bernama
Bagi mereka yg tak faham accounting, sukar macam faham mark to Market practice :)
For the Quarter under review, the Group recorded a Revenue of RM165.01 million, a marginal increase of RM2.39 million (1.47%) as compared to Q3 FY2022 Revenue of RM162.62 million. However, the Group’s PAT of RM74.87 million achieved in Q4 FY2022 which represent a decrease of RM77.16 million (50.75%) as compared to Q3 FY2022 PAT of RM152.03 million was primarily due to the impairment in our investment in Agmo Holdings Berhad as a result of mark-to- market practice. However, operating PAT (excluding the impairment loss) amounted to RM91.25 million as compared to RM90.14 million (excluding the fair value gain) in Q3 FY2022. The marginal increase in operating PAT of approximately RM1.11 million (or 1.23%) was primarily attributable to an overall increase in Revenue from our existing concession and commercial services.
Overall + - 10% will be fluctuating for MYEG. MYEG directors now must push hard for oversea's expansion in terms of government transaction handling. All the best to shareholders.
MYEG said the board is cautiously optimistic that the long-term outlook for MYEG remains positive as it continues to introduce innovative services in Malaysia as well as globally.
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