Revenue also rose 14.27% to RM184.88 million in Q2 FY2023 from RM161.79 million last year, the e-government services provider said in a bourse filing today.

For the first half of 2023 (H1 2023), net profit was up 25.53% to RM217.49 million from RM173.26 million last year, while revenue rose 10.67% to RM358.09 million from RM323.56 million previously.

Earnings per share (EPS) grew to 1.5 sen compared with 1.2 sen a year ago. MyEG also declared a first interim single-tier dividend of 0.25 sen per ordinary share which will be paid on Nov 17, 2023.

On its prospects, the board is cautiously optimistic the long-term outlook for MyEG remains positive and there is huge potential for MyEG to commercialise innovative services as Web 3.0 becomes widely adopted with its Layer 1 blockchain platform Zetrix coming online.

“Furthermore, Zetrix has also been integrated with China’s national blockchain platform, namely “Xing Huo” which will allow ease of cross-border trade to take place and it will be the group’s foray into the global market,” it added.

Shares of MyEG closed unchanged at 79 sen today, giving it a market capitalisation of RM5.91 billion.