The company's revenue stood at RM1.33mil against RM28.55mil previously.
PETALING JAYA: Eco World International Bhd
(EWI) will continue to evaluate the development feasibility of its remaining sites and will proceed with new launches, only when market conditions are more conducive and expected returns can be projected with greater confidence.
For the fourth quarter ended Oct 31, 2024 (4Q24), EWI’s net loss narrowed to RM12.21mil from a net loss of RM37.69mil in the previous corresponding period, mainly due to lower losses reported by joint ventures in the United Kingdom; lower administrative expenses resulting from ongoing cost optimisation initiatives; and lower marketing expenses as projects in Australia are almost fully sold.
Meanwhile, revenue stood at RM1.33mil against RM28.55mil previously, the company reported in a filing with Bursa Malaysia.
“Including the net cash balances at joint ventures, the group has a total net cash balance of RM335mil as at Oct 31, 2024.
“The board is declaring a final dividend of five sen per share for financial year 2024, which translates to RM120mil to be paid out to shareholders,” it said.
