E&O third quarter net profit down but revenue higher


E&O managing director Kok Tuck Cheong said E&O is maintaining its focus and resources on completing the reclamation of Seri Tanjung Pinang Phase 2 which is targeted for the second half of 2018.

PETALING JAYA: Eastern & Oriental Bhd’s (E&O) third quarter net profit dropped 29.28% to RM21.98mil on the back of a 36.41% jump in revenue to RM331.9mil due to higher income tax expense.

Thus, earnings per share (EPS) dropped to 1.68 sen from 2.47 sen previously.

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