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.
EcoWorld Development Group Bhd reported an 11% increase in net profit for Q3 FY26, reaching RM112 million, as a result of stronger property sales. Revenue also rose 27.5% to RM971.5 million, marking a 43% increase year-over-year. The company has surpassed its FY26 sales target of RM4.0 billion, with RM4.05 billion in sales recorded in the first 10 months of the financial year.
Additionally, EcoWorld has secured a landmark RM1.01 billion deal with Tera Data Centers (Malaysia) Sdn Bhd for two parcels of industrial land in Eco Business Park VII, Negri Sembilan, bringing total sales to over RM5.0 billion. The company's expansion into Singapore has also been successful, with a new development venture secured in Singapore on Sept 18.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
