E&O posts 2Q net profit jump to RM50.24mil

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) said it remains cautiously optimistic about the property market, amid its ongoing focuses on delivering high-quality developiments on scehdule while upholding financial discipline.

"With a robust pipeline of upcoming projects and a strong brand presence, E&O is well-positioned to sustain growth and generate long-term value for our shareholders," said managing director Kok Tuck Cheong in a statement.

In the second quarter ended Sept 30, 2025, E&O posted a jump in net profit to RM50.24mil from RM30.39mil in the year-ago quarter, bringing its earnings per share higher to 2.02 sen from 1.46 sen previously.

The group reported quarterly revenue of RM204.36mil against RM171.03mil in the same quarter in 2024, primarily driven by revenue recognition from Arica as well as Senna & Fera.

For the first half of the year, E&O said net profit came to RM95.66mil, up from RM67.91mil in the first six months of 2024. Revenue was also higher at RM387.87mil against RM336.68mil in the comparative period. 

The properties segment remained the group’s core revenue driver, posting an 18% increase in revenue to RM334.3mil and 20% higher operating profit of RM119.4mil. 

Meanwhile, the hospitality segment continued its strong momentum, delivering RM50.8mil in revenue, buoyed by higher average room rates and higher occupancy rate at the E&O Hotel.