E&O FY13 pretax profit rises to RM187m, from RM171m

Business & Markets 2013
Written by Bernama
Monday, 27 May 2013 20:03
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KUALA LUMPUR, May 27 (Bernama) -- Eastern & Oriental Bhd's
pre-tax profit
increased to RM187.287 million for the financial year ended March 31,
2013,
compared with RM171.172 million chalked up in the previous financial
year.
Revenue rose to RM605.570 million, during the period under review,
from
RM492.151 million, registered in the corresponding period last year.
"The increase in revenue was mainly from the PROPERTIES [] segment
which
registered an increase of RM113.251 million," it said in a filing to Bursa
Malaysia today.
For the fourth quarter, the group posted a higher pre-tax profit of
RM59.322
million from RM54.610 million registered in the same period last year,
on the
back of a lower revenue of RM164.763 million.
"We are upbeat on our exposure in Iskandar Malaysia through Avira
wellness
development in Medini which will be launched this year and additionally,
we will
also launch the final block of Andaman condominiums at Quayside,
Penang, and The
Mews in Klang Valley.
"We expect all these projects to contribute positively to the group's
earnings," it added.
-- BERNAMA

E&O 3417

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