UEM Edgenta Berhad (UEM Edgenta), the region’s leading Asset Management and Infrastructure Solutions company, reported a higher net profit of RM45.7 million for the financial year ended 31 December 2022 (“FY2022”), compared to RM43.4 million in the previous year (“FY2021”).
For the Company to stay on course to declare a higher single-tier interim dividend of 4 sen per ordinary share for FY2022, providing 4.2% dividend yield to shareholders (against 27 Feb 2023 last traded share price) (FY2021:3 sen).
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 (“Q4 FY2022”), 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 a 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.
“This reflects strong growth momentum from the execution of our Edgenta of the Future 2025 (“EoTF 2025”) strategy as we strengthened our international presence through technology & sustainability-driven capabilities as we transition to become an international tech-enabled Integrated Facilities Management Service provider.
