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BUSINESS • 18/06/2026 03:20 PM

Eco World's 2Q Net Profit Declines To RM129.14 Mln

KUALA LUMPUR, June 18 (Bernama) -- Eco World Development Group Bhd’s net profit for the second quarter ended April 30, 2026 (2Q 2026) declined marginally to RM129.14 million from RM129.83 million posted a year earlier.

Revenue decreased by 9.2 per cent to RM797.40 million from RM878.20 million previously, due to the completion of the sale of 49.78 hectares of industrial land at Quantum Edge, Iskandar Malaysia in 2Q 2025, which had boosted revenue in the previous corresponding period.

In a filing with Bursa Malaysia, the property developer said the board of directors declared a second interim dividend of two sen per share for 2Q 2026, bringing total year-to-date dividends for financial year 2026 (FY2026) to four sen per share, a 33 per cent increase from the same period in FY2025.

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Eco World said it has achieved RM3.28 billion in sales as at May 31, 2026, representing 82 per cent of the group’s RM4.0 billion FY2026 sales target.

“This marks a new record for sales achieved in seven months of a financial year, exceeding the RM2.99 billion attained as at May 31, 2025.

“Our projects in the southern region (Iskandar Malaysia) were the largest contributors, accounting for RM1.66 billion or 51 per cent of the group’s total sales, followed by the central region (Klang Valley and Negeri Sembilan) with RM1.45 billion and RM168 million from the northern region (Penang),” it added.

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On prospects, the company said its sustained sales growth amid market uncertainty also demonstrates the resilience, breadth and depth of demand in the property sector, which it remains well-positioned to serve through five revenue pillars.

“We are therefore highly optimistic about our prospects going forward. Our future revenue stands at an all-time high as at May 31, 2026, at RM5.38 billion, which significantly strengthens both our earnings prospects and cashflow visibility in the near and mid-term,” it said.

At lunch break, the stock price was 0.94 per cent higher at RM2.14, with 783,000 shares transacted.

-- BERNAMA

 

TAGS: Eco World, net profit, 2Q 2026, dividends, revenue, sales, growth


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