EcoWorld Malaysia opens on a slight lead after results announcement

KUALA LUMPUR: The trading stock of Eco World Development Group Bhd (EcoWorld) opened one sen higher at RM1.11 a share on Friday following the release of its third-quarter earnings.

In its review of the results, CGS-CIMB Research said the property developer posted a 45% year-on-year (y-o-y) jump in 3QFY23 core net profit to RM65.5mil after stripping out impairment, write-down and forex, which brought its 9MFY23 core net profit 23% higher y-o-y to RM184mil.