KUALA LUMPUR: Eastern & Oriental Bhd
(E&O) explained to shareholders that a RM135mil gap between the targeted and actual cumulative profits for the three financial years (FY) ended March 31, 2014 to 2016, was due to the change in market conditions.
E&O managing director Kok Tuck Cheong said in a statement that the profit after tax (PAT) commitment was made about four years ago under very different market conditions.
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