Tuesday, March 24, 2015

Next for EcoWorld

Its first quarter of financial year 2015 results were broadly in line with expectations even .

Observers expect upcoming quarters to be much stronger, driven by strong unbilled sales which stand at rm3.06 billion currently (March 2015).

It sold rm440 million worth of properties in 1QFY2015.

It is targeting to sell rm3 billion worth of properties in FY2015 and rm4 billion in Fy2016.

In Feb 2015, it completed the acquisition of land bank from EcoWorld Sdn Bhd for rm3.8 billion

It had completed its rights issue in March 2015. The only outstanding component of the restructuring exercise now (March 2015) is the 20$ private placement which should be completed in 2QFY2015.

With the restructuring finally almost completed, its management can fully focus on operational issues and drive the company to greater heights.

No comments:

Blog Archive


Please note that all data given are merely blogger's opinion. It is strongly recommended that you do your own analysis and research before investing.