Creating sustainable value begins with being a sustainable business and in this respect, UEM Edgenta has taken great strides during the past year.
“By leveraging strategic partnerships and continuously investing in our digital capabilities through Edgenta NXT, our dedicated digital venture, we’ve made significant progress in the commercialisation of Asseto and our other digital solutions.
“Meanwhile, we have also gained traction in providing technology-driven green building solutions and integrated healthcare and facility solutions to our clients. These positive developments have served to further drive our differentiation in the increasingly competitive landscape for asset and facilities management,” said UEM Edgenta Chairman Tan Sri Dr Azmil Khalid, at the company’s 60th Annual General Meeting held virtually from its headquarters in Menara UEM, Bangsar South, Kuala Lumpur, earlier today (June 15) for FY2022.
During the year in review, the Group achieved a noteworthy increase in revenue of RM231.2 million (10.1% Y-o-Y), from RM2,292.4 million to RM2,523.6 million, with all business divisions except Property & Facility Solutions recording revenue growth.
This positive trend is attributed to the resumption of business-as-usual in the post pandemic era, particularly with the significant increase in infrastructure service works for expressways under PLUS Malaysia Berhad and the securing of key contracts in healthcare support services, especially in Singapore and Taiwan, being two of the most notable value drivers of our revenue growth.
As previously noted, the bottom-line was impacted by the general cost escalation resulting from external economic factors and our preliminary expenses related to exploring new technology and markets.
Dr Azmil added, as a result, the group’s net profit growth did not keep pace with the increase in revenue.
“Despite these challenges, we were able to secure an increase in PAT of RM2.3 million (5.3% Y-o-Y) through our effective cost management and operational efficiency improvements to mitigate the impact of cost escalation and protect our profit margin, the group’s annual report 2022 revealed.
As a result, the group delivered a commendable 10.1% increase in both revenue and Normalised PAT during the year under review. This was achieved amidst a challenging, high-cost operating environment and is a testament to the effectiveness of our operational efficiency and cost optimisation efforts.
During 2022, the group also secured RM1.36 billion in new wins – a 30% year-on-year increase – with 62% of these contracts being awarded for projects outside our home base of Malaysia.
“As a result of our strong performance, we issued an increased dividend of 4 sen per share for the financial year ended 31 December 2022, consistent with our policy of providing optimum shareholder returns.
“Just as important as our results, however, has been our attendant shift in mindset – from being a mere protector to an enhancer of asset value, integrating technologies into traditional setups in order to enhance the lives of people who use the facility and empower asset owners to track and improve their sustainability performance. By positioning ourselves as a technology and sustainability-centric company, we are moving up the value chain and strengthening our proposition in the global market.”
UEM Edgenta (www.uemedgenta.com) is a leading Asset Management and Infrastructure Solutions company in the region and a subsidiary of UEM Group. Listed on the Main Market of Bursa Malaysia Securities Berhad (KLSE: EDGENTA), our expertise covers Healthcare Support and Property & Facility Solutions, and Infrastructure Services covering Expressways and Rail, including project management & engineering design capabilities via our Opus Consultants business arm.
Guided by its ‘Edgenta of the Future 2025’ vision, UEM Edgenta’s full suite of business services are driven by technological advancements throughout the business assets’ life cycle including consultancy, procurement & construction planning, operations & maintenance, as well as optimisation, rehabilitation and upgrades. Digital solutions across multiple industries positions UEM Edgenta as a powerhouse to become a Technology-Enabled Solutions Company with a focus on healthcare by 2025. UEM Edgenta has operational presence in Malaysia, Singapore, Indonesia, Taiwan, United Arab Emirates and The Kingdom of Saudi Arabia.