Encorp Chairman Tan Sri Mohd Isa Abdul Samad.
DESPITE seeing its earnings dip significantly for its financial year ended Dec 31, 2014 (FY14), Encorp Bhd
is seeking to put its house in order by taking steps to downsize its troubled construction unit and moving into full-fledged property development status.
And in this regard, the prospects look interesting. chairman Tan Sri Mohd Isa Abdul Samad (pic) says the company has the opportunity to leverage on a sizeable landbank located in prime areas across Malaysia – owned by the Federal Land Development Authority (Felda) - ready to be unlocked. Isa, who is also the chairman of Felda, said this in an e-mail reply to questions from StarBizWeek.
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