E&O achieves RM1.1 billion in new sales

E&O achieves RM1.1 billion in new sales

KUALA LUMPUR, May 26  — Property developer, Eastern & Oriental Berhad (E&O), has recorded new property sales of RM1.1 billion for the financial year ended March 31, 2016, the highest annual sales recorded by the group.

“We are highly encouraged by the support from our valued customers, both E&O loyalists as well as our new clients,” said Managing Director Datuk Seri Terry Tham.

In a statement Thursday, he said the company also responded to strong headwinds experienced by the industry at large, by adopting prudent cashflow management, restrategising and intensifying its marketing efforts, which include extending its marketing reach and initiating new approaches to drive sales for its projects across Penang, Iskandar Johor and the Klang Valley.

“This has generated an adjusted revenue of RM603.8 million and pre-tax profit of RM38.4 million for just-ended financial year,” he said.