KUALA LUMPUR: Eco World Development Group Bhd
has recorded a net profit of RM80.34 million in the first quarter (1Q) ended Jan 31, 2025, from RM69.63 million in the same period last year.
Revenue for the quarter under review was slightly higher by 0.3 per cent to RM539.63 million from RM537.79 million previously, said the real estate developer in a Bursa Malaysia filing today.
The increased revenue resulted from higher contributions from active phases and new phases, which outweighed the lower contributions from phases nearing completion.
"The main projects which contributed to revenue and gross profit in 1Q 2025 were Eco Botanic, Eco Botanic 2, Eco Spring, Eco Tropics, Eco Business Park I and Eco Business Park III in Iskandar Malaysia, and Eco Majestic, Eco Forest and Eco Sanctuary in the Klang Valley," said Eco World.
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