KUALA LUMPUR (Dec 17): Eco World Development Group Bhd (EcoWorld) and its 27%-owned associate Eco World International Bhd (EWI) have set a combined sales target of RM5 billion for the financial year ending Oct 31, 2021 (FY21). Based on the strategic plans we have put in place in every geographic location to restrategise and refocus on key segments of the market that have proven depth and resilience, I am confident that the target, despite being 30% higher than the sales achieved in FY20, is attainable, said EcoWorld chairman Tan Sri Liew Kee Sin.
“In addition, the proactive steps taken in FY20 to reduce and reset the cost structure of both our Malaysian and international operations, coupled with our team’s willingness to continually reinvent and relearn the way we do business, will help counteract the impact of a soft property market and preserve our cash flow and profit.