Services Bhd (MyEG)'s net profit grew 17% year-on-year to RM59.48 million in its fourth quarter ended June 30, 2017 (4QFY17), from RM50.95 million, as topline improved. It proposed a final dividend of 1.2 sen for the financial year ended June 30, 2017 (FY17), which would bring its FY17 payout to 1.7 sen against 1.8 sen in FY16. Its motor vehicle trading business also reported higher revenue contribution. For FY17, net profit jumped 41% y-o-y to RM201.51 million from RM142.87 million, while cumulative revenue grew 32% to RM371.6 million from RM281.73 million. Going forward, the group said the online renewal of foreign workers' insurance and foreign worker services would be the primary revenue and profit contributor.

Source: The Edge Markets August 29, 2017 12:56 UTC