<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 28): Property developer Eastern &amp; Oriental Bhd (E&amp;O) registered a net profit of RM21.24 million in its second financial quarter ended Sept 30, 2014 (2QFY15), 29% higher from RM16.46 million a year earlier.</p></div>

<div class=newsTextDataWrapInner><p>Earnings per share (EPS) increased 28.2% to 1.91 sen in 2QFY15, from 1.49 sen.</p></div>

<div class=newsTextDataWrapInner><p>In its explanatory note to Bursa Malaysia today, E&amp;O said its profit was mainly due to efficient cost controls on the on-going property development projects and fair value gain on its investment properties.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group’s revenue grew marginally to RM77.3 million in 2QFY15, from RM74.68 million in 2QFY14.</p></div>

<div class=newsTextDataWrapInner><p>This was driven mainly by higher revenue from property segment, where the group saw higher percentage of recognition, reflecting higher progress work done on existing projects, particularly its Andaman Condominium in Seri Tanjun Penang.</p></div>

<div class=newsTextDataWrapInner><p>Cumulatively, E&amp;O six-month financial period (1HFY15) recorded net profit of RM40.2 million, 8% lower from RM43.68 million in 1HFY14; whilst revenue went up 22% to RM207.04 million, from RM169.67 million.</p></div>

<div class=newsTextDataWrapInner><p>EPS fell commensurately by 8.1% to 3.63 sen in 1HFY15, from 3.95 sen in previous corresponding period.</p></div>

<div class=newsTextDataWrapInner><p>E&amp;O share price inched up one sen or 0.39% to RM2.55 today, giving it a market capitalisation of RM2.8 billion.</p></div>


KUALA LUMPUR (Nov 28): Property developer Eastern & Oriental Bhd (E&O) registered a net profit of RM21.24 million in its second financial quarter ended Sept 30, 2014 (2QFY15), 29% higher from RM16.46 million a year earlier.

Earnings per share (EPS) increased 28.2% to 1.91 sen in...

E&O 2Q net profit grows 29% y-o-y to RM21m

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