ECO WORLD DEVELOPMENT GROUP BhdEco World Development, in a statement Thursday said, its revenue and gross profit in 4Q 2019 grew by 96% and 57% respectively, compared to fourth quarter ended October 31,2018 .
As at Oct 31, Eco World Development’s net gearing position stood at 0.70 times as compared with 0.77 times at the end of the previous financial year. Separately, EWI’s profit after tax of RM118.8mil was recorded in 4Q 2019, a substantial increase as compared to PAT of RM12.8mil reported for 4Q 2018. EWIl’s effective stake in the future revenue of its subsidiaries and joint ventures as at Oct 31 remains high at RM5bil with excellent near-term earnings visibility from sizeable handover of properties in both UK and Australia.
EWI president & CEO Datuk Teow Leong Seng said EWI crossed another major milestone this year when it handed over the 1,000th private residential unit to our purchaser. “The outstanding results announced by both EcoWorld Development and EWI today speaks volumes about the strength of the EcoWorld brand and the customer following we have been able to garner not just in Malaysia but also in the United Kingdom and Australia.
and we are worried they would vanish due to unsold units kpkt_gov
Doing so well, time to impose tax on unsold property. Why the hell is the government still trying to help these developers.
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