KUALA LUMPUR, March 22 – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”) has reported a notable 14.1% increase in revenue, exceeding RM2.5 billion for the financial year ending December 31, 2023 (“FY2023”), compared to the previous fiscal year (“FY2022”). Despite grappling with global inflationary pressures and rising operational costs, the Company declared a single-tier interim dividend of 2 sen per ordinary share for FY2023, marking a significant milestone in its financial performance.
In the fourth quarter of FY2023, UEM Edgenta recorded a revenue of RM806.9 million, reflecting a rise from the previous quarter’s revenue of RM710.5 million, while maintaining a healthy financial position with a low gearing ratio of 0.3 times and substantial cash reserves totaling RM644.2 million as of December 31, 2023. Managing Director/Chief Executive Officer, Syahrunizam Samsudin, highlighted the company’s focus on cost management, operational efficiency, and technology-driven initiatives to sustain profitability amidst market challenges, positioning UEM Edgenta for continued growth and value creation for stakeholders.
