Property development to drive future E&O earnings


KUALA LUMPUR: Property development is expected to be the main earnings growth driver for Eastern & Oriental Bhd (E&O) going forward, said executive director Chan Kok Leong. 

“For the financial year ended March 31, E&O's property development contributed about 60% of earnings, while the construction arm contributed 30%. The remainder was largely from hotel operations,” Chan said after the AGMs of E&O and E&O Property Development Bhd yesterday. 

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