E&O's Andaman Island
KUALA LUMPUR: Driven by a strong performance in its properties segment, Eastern & Oriental Bhd
(E&O) has ended the financial year 2025 (FY25) on a high note.
The property developer posted a net profit of RM69.85mil in the fourth quarter ended March 31, 2025 (4QFY25), nearly double the net profit of RM36.48mil in the year-ago quarter.
This lifted earnings per share to 2.81 sen as compared to 1.87 sen in 4QFY24.
Revenue in the quarter under review leapt to RM236.66mil from RM121.33mil in the comparative quarter.
Over the full financial year, E&O reported a cumulative net profit of RM168.65mil against a net profit of RM133.61mil in FY24, while revenue jumped to RM741.08mil from RM422.83mil in the previous year.
According to the group, the positive performance was largely driven by the strong sales from the properties segment, which registered a revenue expansion of 102% year-on-year to RM630.5mil, equivalent to 85.1% of the group’s total revenue.
Additionally, joint venture projects such as Conlay, The Peak, and Avira Garden Terraces contributed RM428.9mil in revenue, marking a 61.5% increase.
On an aggregate basis, the total revenue generated by the properties segment, including joint ventures, reached RM1.06 billion.
E&O managing director Kok Tuck Cheong said the performance reflects the impact of the group's strategic direction and focus on sustainable growth.
He noted there are five ongoing projects on Andaman Island with an estimated gross development value of RM2.7bil.
He added there are plans to launch four developments comprising a mix of residential and retail properties strategically located on Penang Island and Klang Valley.
"The group remains committed to delivering high-quality developments that cater to the expectations of discerning homebuyers and investors, while enhancing community living and driving long-term value creation,” he said.
