PETALING JAYA: Ecofirst Consolidated Bhd
says it will continue to expand its landbank in strategic locations with strong fundamentals, connectivity and development readiness, as it strategises for long-term growth amid an increasingly challenging macro environment.
The group released its results for the second quarter ended Nov 30 (2Q26) yesterday, which saw net profit dropping 28.5% year-on-year (y-o-y) to RM2.4mil, as revenue also fell by the same margin to RM78.3mil.
Over the six months ended November, however, bottomline almost tripled to RM12.9mil, as turnover grew 15% y-o-y to RM201.7mil. Commenting on its cumulative results, EcoFirst said the revenue improvement was consistent with accelerated progress works for the KL 48 project.
