My EG Services Bhd
KLSE:MYEG
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Operating Margin
My EG Services Bhd
Operating Margin represents how efficiently a company is able to generate profit through its core operations.
Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.
Operating Margin Across Competitors
Country | MY |
Market Cap | 7.2B MYR |
Operating Margin |
68%
|
Country | UK |
Market Cap | 67.4B GBP |
Operating Margin |
30%
|
Country | CA |
Market Cap | 105.3B CAD |
Operating Margin |
27%
|
Country | UK |
Market Cap | 37.9B EUR |
Operating Margin |
25%
|
Country | IE |
Market Cap | 31.8B GBP |
Operating Margin |
24%
|
Country | NL |
Market Cap | 37.9B EUR |
Operating Margin |
24%
|
Country | US |
Market Cap | 39.4B USD |
Operating Margin |
42%
|
Country | US |
Market Cap | 32.2B USD |
Operating Margin |
18%
|
Country | US |
Market Cap | 29.9B USD |
Operating Margin |
1%
|
Country | US |
Market Cap | 19.4B USD |
Operating Margin |
11%
|
Country | CH |
Market Cap | 17.1B CHF |
Operating Margin |
13%
|
My EG Services Bhd
Glance View
My EG Services Bhd, often referred to as MYEG, plays a vital role in the digital governance landscape of Malaysia. Founded in 2000, the company emerged as a pioneer of e-government services, offering a seamless bridge between government agencies and the public. MYEG has evolved significantly over the years, leveraging technology to enhance public service delivery. It initially started by providing counter services such as road tax renewals and driver's license applications, but quickly expanded to incorporate online platforms that facilitate payments and renewals for various governmental services. This shift not only improved accessibility for citizens but also positioned MYEG as a trusted facilitator in the realm of digital transactions, drawing a substantial portion of its revenue from transaction and commission fees. Beyond its core e-government services, MYEG has diversified its portfolio, venturing into commercial services, including insurance renewal and road safety solutions, further solidifying its revenue streams. The company also developed an innovative range of trade facilitation services that cater to different industries, providing solutions such as digital business licensing and customs declaration processing. This diversification strategy highlights MYEG's adaptation to changing market demands and its continuous efforts to digitize services that traditionally required physical presence. By leveraging a combination of strategic collaborations and technological advancements, MYEG has managed to sustain its growth trajectory, embedding itself deeper into the infrastructure of Malaysia's digital governance and commerce sectors.
See Also
Operating Margin represents how efficiently a company is able to generate profit through its core operations.
Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.
Based on My EG Services Bhd's most recent financial statements, the company has Operating Margin of 68.4%.