Full Release: Kuala Lumpur, 27 August 2019 – UEM Edgenta Berhad (“UEM Edgenta” or “Company”), the region’s leading Asset Management and Infrastructure Solutions company released their unaudited second quarter results for the financial period ended 30 June 2019 (“Q2 FY2019”) here today.
The Company has declared an interim dividend of 6 sen per share, in respect of H1 FY2019. Together with the earlier declaration of interim dividend of 8 sen per share in respect of H2 FY2018, this represents a 4.5% yield on a rolling-12 months basis, based on the closing share price of RM3.10 as at 23 August 2019.
For H1 FY2019, the Company maintains its growth trajectory with a 10.4% Year-on-Year (“Y-o-Y”) increase in revenue to RM1.11 billion compared to FY2018’s RM1.01 billion. Profit Before Tax (“PBT”) and Net Profit for H1 FY2019 grew by 2.8% and 4.6% to RM92.8 million and RM68.1 million respectively.
UEM Edgenta’s Asset Management segment, which is represented by the Healthcare Support and Property & Facility Solutions divisions, continues to drive growth in H1 FY2019, with Healthcare Support recording 19.7% revenue and 25.9% PBT increases. The revenue growth in Healthcare Support division is mainly attributed to new projects secured from its regional operations in Singapore and Taiwan during this period.
On the back of a challenging first half for the infrastructure sector, the Company’s Infrastructure Services division registered a modest 2.2% increase in revenue for H1 FY2019. UEM Edgenta’s Infrastructure Services division is the leading highway maintenance service provider in Malaysia and is also present in Indonesia where it is currently seeking further long-term growth opportunities. The Asset Consultancy division on the other hand recorded a 1.9% revenue reduction over the same period, mainly due to current projects completing their life cycle.
“Our Healthcare Support division continues to be our primary mover and underpins the Company’s growth. In July 2019, we had secured up to RM540.06 million worth of contracts to provide hospital support services to the Ministry of Health of Singapore, and we will continue to explore new business opportunities in the region”, said Dato’ Azmir Merican, Managing Director/Chief Executive Officer of UEM Edgenta.
The Healthcare Support division is well represented in the region with more than 300 hospitals in Malaysia, Singapore, Taiwan and India.
The first half of FY2019 has seen UEM Edgenta focus its efforts on numerous continuous improvement activities which have included, among others, the launch of mechanised vehicles to modernise its highway maintenance services, and the commencement of its Learning Centre located in Petaling Jaya, Selangor which offers its employees and service partners across its value chain various training & development programmes.