Eco World secures RM955mil in sales

Eco World's Q1 pre-tax profit jumped to RM31.16mil from RM5.63mil.

SEMENYIH: Eco World Development Group Bhd has secured RM955mil in sales within the first four months of its current financial year ending October 2017.

The amount is 57% higher than the RM607.8mil in the first four months of 2016.

The company said in a statement today that about RM797mil was contributed by projects in the Klang Valley, while the remaining RM158mil was from projects in Johor and Penang.

Eco World Development is targeting RM4bil in sales this year.

According to reports, the Eco World brand registered total sales of RM6.07bil worth of properties in 2016.

Of the amount, the effective sales share attributed to Eco World Development Group itself amounted to approximately RM4.01bil.

Eco World’s undeveloped landbank currently stands at 5,500 acres with a future potential GDV of RM77.5bil.