{
  "id": 2973160,
  "title": "E&O's Q1 net profit surges to RM58.1mil on higher revenue",
  "url": "https://urgent.news/2026/08/24/e-os-q1-net-profit-surges-to-rm58-1mil-on-higher-revenue",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T07:38:55.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1517794/eos-q1-net-profit-surges-rm581mil-higher-revenue"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}