UEM Edgenta Berhad reported a higher net profit of RM45.7 million for the financial year ended 31 December 2022, compared to RM43.4 million in the previous year.
The company has declared a single-tier interim dividend of 4 sen per ordinary share for FY2022, providing a 4.2% dividend yield to shareholders.
On the back of its strong contract wins and international growth strategy, the Company’s revenue increased by 10.1% to RM2.5 billion from RM2.3 billion previously. Normalised net profit in FY2022 expanded to RM62.9 million as compared to RM57.3 million in FY2021. For the quarter under review, the Company recorded a net profit of RM21.0 million on the back of RM710.5 million in revenue compared to a net profit of RM4.4 million and revenue of RM646.2 million in the previous preceding quarter (“Q3 FY2022”).
Commenting on the results, Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, said the Company’s top line or revenue growth in the year under review was at all-time high, surpassing even pre-Covid levels, while the strong bottom line reinforces the Company’s business and financial resilience, despite the external headwinds faced, such as wages concerns, global inflation, and supply chain disruptions.
