Projects contributed to fourth quarter profits are Eco Majestic, Eco Sanctuary and Eco Sky in the Klang Valley, Eco Botanic, Eco Spring, Eco Summer, Eco Business Park 1, Eco Tropics and Eco Business Park III in Iskandar Malaysia as well as Eco Meadows and Eco Terraces in Penang. Revenue for the quarter rose 16.87 per cent to to RM899.02 million, higher than RM740.99 million, previously. EDWG's higher fourth quarter revenue is bumped up by higher percentage of completion achieved by the projects, compounded by a higher number of sold units having attained the criteria for profit recognition. EDWG's chief executive officer Datuk Chang Khim Wah said his team, in Malaysia, succeeded in achieving its RM4 billion sales target in the year ended October 2017. Together with the RM2 billion sales recorded by Eco World International Bhd (EWI), sales achieved in the year ended October 2017 by its subsidiaries and joint-ventures totalled RM6 billion.

Source: New Strait Times December 15, 2017 06:45 UTC