Earnings per share fell to 0.72 sen from 0.84 sen, the group s stock exchange filing showed.
The educational solution provider said its quarterly revenue declined 11% to RM52.34 million from RM58.78 million previously.
For the full year, the group’s net profit dropped 13% to RM39.18 million from RM45.13 in the previous year, as revenue declined 16% to RM204.12 million from RM243.97 million, partly due to the delayed new enrolments amid the Movement Control Orders (MCOs) and border control due to Covid-19.
Moving forward, SEGi said the pandemic and MCOs have affected many industries and the higher education sector was no exception.
“The restrictions in movement and travel have affected the group’s revenue in 2020. During this period, the group has taken the opportunity to develop relevant new course offerings to meet the current market demand.
Malaysia: Insurers top line most affected by COVID-19
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Commentary: Johor city dwellers hit hard by MCO but rural communities fare worse
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KUALA LUMPUR, 19 February 2021: Malaysia announced 17 February the extension of its Movement Control Order until 4 March covering Kuala Lumpur and three other states.
The latest travel advisory updates confirm the Movement
Control Orders have been extended in the federal territory of Kuala Lumpur as
well as Selangor, Johor and Penang states.
At least until 4 March, the MCO bans inter-state and inter-district travel, and social activities except for essential businesses that are allowed to operate with social distancing measures. Entertainment venues remain closed. The 10 km travel limit from one’s residence to another has been lifted.
Elsewhere a slightly more relaxed rule fo a Conditional Movement Control Order (CMCO) applies in Kedah, Perak, Negeri Sembilan, Terengganu, Kelantan, Melaka, Pahang and Sabah as well as the federal territories of Putrajaya and Labuan.