E&O posts jump in 2Q net profit to RM29.73mil


KUALA LUMPUR: Eastern & Oriental Bhd (E&O) says the property market is showing promising signs of growth, leading to cautious optimism that it will bolster group earnings.

The improvement is seen not only in Penang, but from the sales of the property developer's developments located in prime areas such as Damansara Heights in Kuala Lumpur, and Johor Bahru, said managing director Kok Tuck Cheong in a statement.

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E&O , property , Andaman , hospitality

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