KUALA LUMPUR: UEM Edgenta Bhd’s net profit surged 43.56 per cent to RM97.49 million in the fourth quarter ended December 31, 2019 from RM67.91 million previously.
UEM Edgenta, Southeast Asia’s leading asset management and infrastructure solutions company, said its revenue rose 10.02 per cent to RM 712.26 million from RM647.35 million a year ago.
For the full-year, the group’s net profit edged up to RM188.0 million from RM152.4 million in 2018.
Total revenue rose to RM2.41 billion from RM 2.18 billion previously..
UEM Edgenta declared a final dividend of 14 sen.
Managing director and chief executive officer Datuk Azmir Merican said the group had continued to register growth through significant new contract wins totalling more than RM900 million in its healthcare support division in Singapore.
Azmir, in a statement today, said its investments in process improvements, technology and operational excellence had resulted in the group’s ability to overcome rising costs of delivery, increase operational efficiency and register cost savings.
“Moving forward, providing technology-based solutions will be a priority, in particular to break into new and existing markets with customised solutions offering real-time IoT and data analytics to optimise asset management,” he added.