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.
EcoWorld has launched a new addition to its popular “duduk” series of vertical homes with the opening of an innovative sales gallery marked with sustainable features.
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.
This would be the second land acquisition in Iskandar Malaysia by the group within a span of less than five months.
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.
Quarterly revenue slipped 6.
This is after he sold his stake in unlisted Eco World Holdings Sdn Bhd (Eco World SB), giving him an indirect stake of 7.
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.
The group will also undertake the construction of 148 linked houses and accompanying ancillary structures, with an anticipated completion date of April 1, 2025.