EcoWorld Malaysia’s Q1 net profit rises 21% to RM69mil


EcoWorld Malaysia has recorded RM1.26 billion in sales in the first four months of FY2024, says its president and CEO Chang Khim Wah. (Eco World web pic)

PETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) posted a 21.5% higher net profit of RM69.23 million in the first quarter of the financial year ended Jan 31, 2024 (Q1 FY2024) from RM57 million in the same period a year ago.

Revenue increased 10.9% to RM537.79 million from RM484.73 million previously due to higher contributions from active and newly launched phases.