E&O's Q1 net profit surges to RM58.1mil on higher revenue
KUALA LUMPUR: Eastern & Oriental Bhd’s net profit rose 27.9 per cent to RM58.11 million in the first quarter ended June 30, 2026 (Q1 FY27), from RM45.42 million a year ago, driven by higher revenue.
Eastern & Oriental Bhd reported a significant surge in net profit for the first quarter of 2026, with earnings rising 27.9% to RM58.11 million. This increase was primarily driven by a 53.4% rise in revenue, reaching RM281.47 million from RM183.51 million in the previous year. The property segment played a crucial role in this growth, with sales more than doubling to RM356.0 million.
Unbilled sales also increased by 28.4% year-on-year to RM1.7 billion, providing the company with valuable earnings visibility as construction progresses. Managing Director Kok Tuck Cheong highlighted the encouraging sales take-up from the group's Penang and Klang Valley properties, as well as their strategic partnerships in the development of a tertiary private hospital and a premium high-rise residential project in Klang Valley.
The company has two upcoming launches for FY27, including a waterfront serviced apartment development and landed homes.
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