KUALA LUMPUR : Eco World Development Group Bhd posted a solid arrangement of monetary outcomes for the final quarter and in the money related year (FY) finished Oct 31, 2016, supported by solid deals and consistent advance from its 11 on-going undertakings.
The property organization said on Thursday its income rose 49% to RM29.35mil from RM19.69mil a year prior. Its income rose 8.6% to RM740.98mil from RM681.93mil a year back. Income per impart were 1.21 sen contrasted with 0.83 sen.
"The gathering reported a benefit before tax collection (PBT) of RM43.4mil for 4Q 2016, which is 24.4% higher than the RM34.9mil reported for 4Q 2015.
"The expansion in income and benefit in the present quarter reflects both the solid deals accomplished in present and earlier years and in addition the enduring advancement of development chips away at site with 11 of the Group's continuous tasks now contributing towards income and benefit acknowledgment," it said.
For the money related year finished Oct 31, 2016, its income hopped 194% to RM129.28mil from RM43.95mil. Income rose 48.7% to RM2.546bil from RM1.712bil.
EcoWorld said the gathering accomplished its FY2016 deals focus of RM4bil, with deals from Malaysian activities in the last quarter of FY2016 surpassing aggregate deals in the first to third quarters of the money related year.
It said this amazing outcome was because of the mind-boggling gathering got on the EcoWorld's Firsts Campaign which saw the dispatch of four undertakings in September 2016.
The ventures are Eco Grandeur on the North-West of the Klang Valley; Eco Ardence off the NKVE in the Klang Valley; Eco Business Park II (EBP II) in Iskandar Malaysia; and Eco Bloom @ Eco Meadows in Penang.
EcoWorld said that FY2016 deals from Malaysian ventures were RM3.40bil.
Deals from global ventures were RM2.25bil. Its star forma 27% share of FY2016 deals from Eco World International's activities was RM608.10mil.
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