PETALING JAYA: Eco World Development Group Bhd (EWD) saw a 29.6% gain in its first quarter of financial year 2018 (FY18) profit before interest, tax and financial reporting standards 10 (FRS10) (core EBIT) to RM62.6mil from the same quarter of the previous year.
The company attributed this growth in core EBIT to lower expenses incurred as well as a higher share of profits from its Malaysian joint ventures which have commenced profit recognition.
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