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PETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) has decided not to pursue the proposed merger with UEM Sunrise Bhd following discus. ....
EcoWorld Malaysia chairman Tan Sri Liew Kee Sin )pic) said that on a combined basis, the EcoWorld brand achieved RM3.7bil sales in Malaysia, the UK and Australia. KUALA LUMPUR: EcoWorld Malaysia exceeded its financial year (FY) 2020 sales target of RM2bil by 15% with full-year sales amounting to RM2.3bil. In a statement following its results, EcoWorld Malaysia said sales in the fourth quarter (Q4) 2020 exceeded RM1bil – higher than the RM960mil recorded in Q3,2020. Collectively, the second half 2020 sales comprise 85% of total sales in FY2020. It said revenue in the final quarter of the year was the highest recorded, signifying a healthy rebound in sales as well as construction progress as a result of the relaxation of the movement control order (MCO) from Q3 onwards. ....
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. ....
(EcoWorld Malaysia) recorded sales of RM2.3bil in the financial year ended Oct 31,2020, exceeding its RM2bil sales by 15%. According to its statement issued on Thursday, the stronger sales target was underpinned by the fourth quarter sales which exceeded RM1bil it was also higher than the RM960mil sales in the third quarter. “Collectively, 2H 2020 sales comprise 85% of total sales in FY2020, ” it said in a statement. Revenue in 4Q 2020 was the highest recorded in the four quarters of FY2020, which was a strong rebound in both sales as well as construction progress, following gradual relaxation of the Movement Control Order (MCO) from 3Q 2020 onwards. ....