The group declared a dividend of 5.79 sen per share for FY21 ended March 31, 2021, to be paid on June 30. MY EG Services Bhd's (MYEG) net profit for 1QFY21 ended March 31, 2021 increased by 29.7% year-on-year (y-o-y) to RM76.29 million, from RM58.84 million. Boustead Heavy Industries Corp Bhd (BHIC) saw its losses shrink to RM916,000 in 1QFY21 ended March 31, 2021, from RM74.51 million in 4QFY20. On a q-o-q basis, net profit fell 13.21% from RM72.72 million, while revenue declined 14.19% from RM660.23 million. On a q-o-q basis, the group's net profit was down 80.52% from RM26.9 million in 4QFY20, while revenue fell 26.61% from RM308.92 million.

Source: The Edge Markets May 31, 2021 15:56 UTC