Education group SEGi University & Colleges (SEG International Bhd) has won the Highest Return On Equity Over Three Years Award at The Edge Malaysia Centurion Club Corporate Awards held on 19 September 2022.
Graced by the Minister of Finance Tengku Datuk Seri Zafrul Abdul Aziz, the event returned after a two-year hiatus following the Covid-19 pandemic. 29 of the country’s best-performing public-listed companies with a market cap between RM100 million to RM1 billion were named winners of the 36 awards.
Winning the Highest Return On Equity Over Three Years Award shows the company’s financial performance strength. SEGi remained financially strong and stable despite the pandemic years.
To be eligible for the Highest Return On Equity Over Three Years award, the company must be profitable annually throughout the evaluation period. For this year, the evaluation period is from FY2018 to FY 2021.
A higher institution needs to have a healthy and sustainable financial model. The pandemic was a great test for many institutions globally, as many have faced challenges over the last two years.
The Group has been able to maintain its strong profitability despite the pandemic in the last couple of years mainly due to lower operating costs and transformation to suit the challenging times.
While the volatility of the pandemic continues to limit and restrict business activities including group marketing and foreign student recruitment, we have put in place mechanisms to overcome and sustain the overall revenue and profitability in the immediate future.
The Group has identified key strategic areas particularly in globalisation, digitalisation and diversification to realign our entire learning ecosystem to ensure students’ needs and experiences are continually enabled and enhanced. That includes the creation of more digitally related programmes and hybrid delivery of classes.