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E&O’s 2Q net profit surges to RM30m on higher revenue, absence of forex loss

Property developer Eastern & Oriental Bhd (E&O) has recorded a net profit of RM29.73 million in its second financial quarter ended Sept 30, 2023 (2QFY2024), a huge leap from the RM16,000 net profit posted a year ago, mainly due to enhanced revenue and absence of unrealised foreign exchange loss of RM19.9 million recognised in 2QFY2023.

DONE DEAL: Semidee, Idamansara, Kuala Lumpur

Noteworthy:

  • Freehold
  • Built up size : 4,500 sq ft
  • Land size: 3,250 sq ft
  • 6 bedrooms, 6 bathrooms
  • Semi-furnished
  • Nearby amenities: Convenience stores, schools, Damansara City Mall, Bangsar Shopping Centre, MRT Semantan, MRT Pusat Bandar Damansara
  • Accessibility:  NPE highway, SPRINT highway

When: September 2023