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E&O's Q2 net profit falls to RM18.83 mln

Last update: 09/11/2018
 
KUALA LUMPUR, Nov 11 (Bernama) -- Eastern & Oriental Bhd’s (E&O) net profit for the second quarter ended Sept 30, 2018 fell to RM18.83 million from RM19.68 million in the same quarter last year.

Revenue also declined to RM179.39 million compared with RM195.88 million previously, it said in the filing with Bursa Malaysia today

For the six months period ended Sept 30, 2018, the group’s net profit narrowed to RM32.95 million from RM40.92 million, while its revenue rose to RM379.38 million from RM369.32 million, a year ago.

“This represented an increase of RM10.064 million or 2.73 per cent, mainly attributable to the property segment which registered an increase of RM18.25 million.
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