Eco World's 9-month earnings up 76%, revenue up 12%


In a separate filing with the exchange, EWI said Datuk Heah Kok Boon(pic) had resigned as its non-executive director effective yesterday to focus on his executive role in EWM. Heah is an executive director and chief financial officer at EWM. Meanwhile, EWM executive director Datuk Voon Tin Yow has been appointed as EWI non-executive director.

PETALING JAYA: Eco World Development Group Bhd (EWM) posted a 76% jump in net profit to RM175.94mil for the nine-month period ended July 31 on the back of a 12% higher revenue of RM2.03bil.

The property developer maintained the better year-to-date results despite its third-quarter (Q3) profit being weighed down by finance costs and a share of initial losses in relation to joint ventures (JVs) and associated firms.

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