Eco World Development Group Berhad First Quarter 2023 Earnings: EPS: RM0.019 (vs RM0.022 in 1Q 2022)

Eco World Development Group Berhad (KLSE:ECOWLD) First Quarter 2023 Results

Key Financial Results

• Revenue: RM484.7m (down 9.1% from 1Q 2022).
• Net income: RM57.0m (down 10.0% from 1Q 2022).
• Profit margin: 12% (in line with 1Q 2022).
• EPS: RM0.019 (down from RM0.022 in 1Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Eco World Development Group Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Real Estate industry in Malaysia.

Performance of the Malaysian Real Estate industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Eco World Development Group Berhad that you should be aware of.

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