EcoWorld Malaysia’s sales off to a strong start

The property group is on track to hit its sales target of RM3.5bil for the year.

The group said its future revenue increased to RM4.03bil as at Feb 28, 2023, which provides clear cash flow and earnings visibility. registered sales of RM1.35bil in the first four months of financial year 2023 , putting it on track to hit sales target of RM3.5bil for the year.

“Our business park segment was off to an especially strong start following a strategic sale to the Haitian Group of 92 acres of industrial lands at Eco Business Park II in Iskandar Malaysia,” said EcoWorld Malaysia president and CEO Datuk Chang Khim Wah. Bukit Bintang City Centre’s launch of the SWNK Houze serviced apartments and the continued sale of the Eden Condominium units at Eco Sanctuary added to the overall sales achieved.

It said revenue in the quarter under review was RM484.73mil, down from RM533.42mil in the comparative quarter due to lower levels of works progress and site activities during the Chinese New Year festive period in January.

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