For the half-year period, revenue increased by 6.6% y-o-y to a record RM217.7 million, led by a recovery in its manufacturing business. Revenue from MeGroup’s manufacturing business increased 59.2% y-o-y while its dealership business posted a slight improvement of 0.2%.
MeGroup (SGX:SJY
) has reported earnings of RM3.2 million ($9.3 million) for its 1HFY2024 ended Sept 30, a 29.1% y-o-y improvement over its earnings of RM2.5 million for the same period last year.
Earnings per share for 1HFY2024 came to 2.70 sen, also up by 29.2% y-o-y from 2.09 sen in 1HFY2023.
