EcoWorld's Q3 profit rises 11pct to RM112mil on stronger sales
KUALA LUMPUR: Eco World Development Group Bhd’s net profit rose 11 per cent in the third quarter of financial year 2026 (Q3 FY26), driven by higher property sales.
KUALA LUMPUR: Eco World Development Group Bhd's net profit surged 11% in Q3 FY26, propelled by increased property sales. For the quarter ending July 31, 2026, net profit reached RM112 million, up from RM101 million a year prior. Revenue climbed 27.5% to RM971.5 million, compared to RM761.9 million. The company announced a dividend of two sen per share, payable on Oct 23.
Over nine months, net profit rose 27.7% to RM397.7 million, while revenue grew 43% to RM3.1 billion. EcoWorld president and CEO Datuk Seri Chang Khim Wah revealed the company had exceeded its FY26 sales target of RM4.0 billion, boasting RM4.05 billion in sales for the first 10 months. A significant deal with Tera Data Centers (Malaysia) Sdn Bhd for RM1.01 billion brought the sales total to RM5.0 billion for the first time.
Chang highlighted EcoWorld's successful expansion into Singapore, securing a tender for a 4,283.4 square metre land parcel in Singapore on Sept 18. The group is on track for a strong FY26 close, with record-breaking sales and profits, supported by a diversified earnings base for future performance.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
