Eco World Development Group Bhd reported a strong set of earnings of RM34.67mil for the second quarter ended April 30, 2016.
The property development company said on Tuesday the earnings were up 193% from RM11.81mil a year ago while revenue increased 47% to RM614.60mil from RM417.82mil. Earnings per share were 1.47 sen compared with 0.79 sen a share a year ago.
“The higher revenue and profit for the current quarter were mainly contributed by the strong cumulative sales totalling RM6.2bil achieved by the group over the last two financial years as well as sales secured in the current financial year and higher percentage of completion of works for ongoing projects,” it said.
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The property development company said on Tuesday the earnings were up 193% from RM11.81mil a year ago while revenue increased 47% to RM614.60mil from RM417.82mil. Earnings per share were 1.47 sen compared with 0.79 sen a share a year ago.
“The higher revenue and profit for the current quarter were mainly contributed by the strong cumulative sales totalling RM6.2bil achieved by the group over the last two financial years as well as sales secured in the current financial year and higher percentage of completion of works for ongoing projects,” it said.
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