UEM Edgenta bullish despite trade war

TheStar Thu, May 16, 2019 07:35am - 4 years View Original


AGM time: (from left) Azmir, UEM Edgenta chairman Amir Hamzah Azizan and CFO Muhammad Noor Abd Aziz at the press briefing.

AGM time: (from left) Azmir, UEM Edgenta chairman Amir Hamzah Azizan and CFO Muhammad Noor Abd Aziz at the press briefing.

PETALING JAYA: Trade war fears between the United States and China are crushing sentiment and the markets, but UEM Edgenta Bhd is confident that it will record double-digit growth in profit this year.

Managing director and chief executive officer Datuk Azmir Merican said the growth would be driven through improvement in operational efficiency and automation and mechanisation that would improve its margins, as well as new contract wins.

He said UEM Edgenta has allocated RM80mil for capital expenditure (capex) this year in technology and innovation for its infrastructure services division, including process improvement and in-house road pavement products.

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