EcoWorld Malaysia surpasses sales target

Quick Summary:

Eco World Development Group Bhd (EcoWorld Malaysia) has surpassed its full-year sales target of RM3.5bil in the first 10 months of its current financial year ending Oct 31, 2024 (FY24), mainly due to strong sales from Iskandar Malaysia, Johor.

Gross profit margin improved from 27.2% in 3Q23 to 31.3% in 3Q24.

The group’s net profit for 3Q24 was RM80.4mil, 21.3% higher than 3Q23 and 14.8% higher than 2Q24.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: HighTechIndustry QuantumLaunch EcoWorld DividendGrowth IndustrialSegment Corporate News /Business/Business News IskandarMalaysia PropertyGrowth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 00:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 504 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22607586

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