KUALA LUMPUR: Premier lifestyle property developer Eastern & Oriental Bhd (E&O) registered revenue of RM281.5 million for Q1 ended June 30, 2026 (FY27), representing a 53.4% increase from RM183.5 million in the same quarter last year.
Profit before tax rose 32.1% year-on-year to RM83.7 million, while profit after tax grew 29.5% to RM64.9 million.
The property segment remained the group’s principal earnings contributor, with revenue increasing 63.2% to RM256.4 million, equivalent to 91.1% of total revenue.
Meanwhile, the hospitality segment recorded revenue of RM24.7 million.
In Q1 FY27, property sales more than doubled to RM356.0 million from RM153.0 million in Q1 Fy26, reflecting sustained demand for the group’s ongoing developments.
Supported by stronger sales momentum, the group’s unbilled sales increased 28.4% year-on-year to RM1.7 billion as June 30, 2026.
The unbilled sales will be recognised over the next few financial years as construction progresses, providing the Group with healthy earnings visibility.
Commenting on the results, E&O managing director Kok Tuck Cheong said the group is experiencing encouraging sales take-up from its Penang and Klang Valley product offerings in Q1 FY27.
“Beyond our ongoing development activities, we have entered into a joint venture with Cengild Medical Bhd. and Skyspring Sdn Bhd to develop a multidisciplinary tertiary private hospital at Andaman Island.
“This partnership represents another important step in transforming Andaman Island into a sustainable waterfront township, while enhancing its appeal to the residents and supporting Penang’s growing medical tourism sector.
“We have also formed a strategic partnership to acquire a prime freehold site along Jalan Kia Peng in Kuala Lumpur for a premium high-rise residential development.
“The acquisition will further expand our development footprint in Klang Valley and strengthen our premium residential portfolio in one of Kuala Lumpur’s most established and desirable locations,” he said.
Looking ahead, Kok said the group has two upcoming launches for FY27: a waterfront serviced apartment and landed homes.
“We will be launching these developments towards the end of the financial year,” he said.
