KUALA LUMPUR, Feb 28 (Bernama) — UEM Edgenta Berhad (UEM Edgenta), a leading Asset Management and Infrastructure Solutions company in the region, today announces its unaudited financial results for the financial year ended 31 December 2024 (“FY2024”). The Company recorded Year-on-Year (“YoY”) revenue growth of 5.8% increasing from RM2.9 billion to RM3.0 billion compared to the previous year. In line with its commitment to delivering shareholder value, UEM Edgenta has declared a single-tier interim dividend of 4.0 sen per ordinary share for FY2024.
The Company reported a strong improvement in profitability, with profit after tax (“PAT”) rising by 70.6% to RM51.4 million compared to RM30.1 million in FY2023. The Company’s Normalised PAT (excluding Exceptional Items) has improved significantly from RM31.3 million in FY2023 to RM66.4 million in FY2024, recording 112.1% increase. This solid growth was primarily driven by expansion in international business through major contract renewals and new contract wins, along with enhanced operational efficiencies and strategic cost management initiatives implemented throughout the year.