Eco World net profit up 10.5% in first quarter


Eco World Chang Khim Wah

KUALA LUMPUR: Eco World Development Bhd’s net profit was up 10.5% to RM33.51mil in the first quarter ended Jan 31,2020 from RM30.31mil a year ago, driven by higher share contributed by the group’s Malaysian joint ventures.

The property developer has also announced the redesignation of non-executive chairman Tan Sri Liew Kee Sin to executive chairman to lead the group to overcome the present market challenges and take advantage of opportunities that may arise.

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