E&O Q2 earnings up 29% to RM21m

KUALA LUMPUR: Property developer Eastern & Oriental Bhd saw its net profit climb 29% to RM21.24mil on higher revenue of RM77.29mil for the second quarter ended Sept 30, 2014.

For the first half period, E&O posted a 22% increase in revenue to RM207.04mil against RM169.67mil in the last year. However, net profit fell 7.9% to RM40.2mil compared with RM43.68mil in the same period a year ago.