EcoWorld Malaysia posts higher Q1 earnings

Commenting on the group’s performance, EcoWorld Malaysia president and chief executive officer Datuk Chang Khim Wah said EcoWorld Malaysia’s performance in the first four months of its current financial year has been encouraging.

KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld Malaysia) reported a 5.1% growth in revenue to RM533mil for its first quarter ended Jan 31, while gross profit increased 13.2% year-on-year to RM114mil from higher sales and realisation of cost savings on completed and near-completed phases.

In a statement yesterday, EcoWorld Malaysia said profit after tax in the first quarter stood at RM63.4mil.