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EcoWorld’s 4Q net profit down 43%, achieves RM3.5b annual sales

Eco World Development Bhd (EcoWorld)’s net profit dropped 42.72% to RM42.84 million for the fourth quarter ended Oct 31, 2021 (4QFY21), from RM72.27 million a year ago, on lower contribution from its Malaysian joint ventures (JVs) and its international arm Eco World International Bhd (EWI) due to the lockdown.