MYEG posted Revenue and Profit after Taxation of RM248.13 million and RM195.19 million respectively for the third quarter financial period ended 30 September 2024 as compared to RM194.12 million and RM120.10 million respectively in the corresponding quarter last year ("Q3 FY2023").
The increase in revenue of RM54.01 million (or 27.82%) and the increase in PAT of RM75.09 million (or 62.52%) the group said was a result of various factors including contribution from web3 application service fees on the Zetrix blockchain platform such as ZTrade, ZCert and Digital ID registration and transaction.
This was also due to contribution from the sale of Zetrix tokens; and recognition of fair value gain on investment in HeiTech Padu Berhad.
For the financial year ending 31 December 2024 ("9M FY2024"), the Group recorded Revenue of RM723.37 million as compared to RM552.22 million in the corresponding period ("9M FY2023"). This represents an increase of RM171.15 million (30.99%) in Revenue. PAT for 9M FY2024 increased by RM179.95 million (53.43%) to RM516.74 million as compared to RM336.79 million
achieved in 9M FY2023.