Eco World International posts profit before tax of RM1.5 mil in 1Q2024
Following the distribution of RM144 million dividend during the first quarter of FY2024, the group still has a net cash balance of RM211 million as at Jan 31, 2024.
Following the distribution of RM144 million dividend during the first quarter of FY2024, the group still has a net cash balance of RM211 million as at Jan 31, 2024.
The company completed its Australian projects but still has a “significant” presence in the UK, it noted.
The group intends to declare a first tranche of dividends amounting to at least RM144 million.
The research house said that if the breakout is sustained, the uptrend rebound will likely lead to the stock climbing towards the immediate resistance of 33.
Heah, 56, is currently the chief financial officer of EcoWorld and the alternate director to Tan Sri Liew Kee Sin, the executive chairman of Eco World Malaysia.
Note that the dividend will be paid to GLL EWI (HK) Ltd, a wholly owned subsidiary of GuocoLand Ltd.
The counter gained 7.
Its largest shareholder Datuk Leong Kok Wah, through his direct holdings, Eco World Capital (International) Sdn Bhd and Sinarmas Harta Sdn Bhd, owns some 728.
He joined Guocoland Group in 2011, after working with GL Ltd (now known as GuocoLeisure Ltd), which is owned by Hong Kong-listed Guoco Group Ltd.
KUALA LUMPUR (June 16): Eco World International Bhd's (EWI) total sales plus reserves as at May 31, 2022 (seven months) stood at RM1.