Ewein 9-month profit surpasses earnings for entire FY17 by 150%

TheStar Wed, Dec 05, 2018 08:51am - 5 years View Original


“We shall see the group achieving a record-high revenue and profit for 2018. This will mainly be fuelled by the contribution from Ewein’s City of Dreams development,” Ewe said. (Visitors checking out the City of Dream project by Ewein Zenith at Zeon Properties booth during the lastday of the StarProperty.my Fair 2018 at Queensbay Mall in Penang. - ZHAFARAN NASIB/The Star/ 14 October 2018)

“We shall see the group achieving a record-high revenue and profit for 2018. This will mainly be fuelled by the contribution from Ewein’s City of Dreams development,” Ewe said. (Visitors checking out the City of Dream project by Ewein Zenith at Zeon Properties booth during the lastday of the StarProperty.my Fair 2018 at Queensbay Mall in Penang. - ZHAFARAN NASIB/The Star/ 14 October 2018)

GEORGE TOWN: Ewein Bhd posted a pre-tax profit of RM16.9mil on the back of a RM60.5mil turnover for the third quarter ended Sept 30, registering a 99.92% growth over the pre-tax profit RM8.45mil achieved in the same period a year ago.

Over a nine-month period, Ewein’s revenue and pre-tax profit came in at RM160.06mil and RM54.4mil, respectively, which were 109.68% and 168.04% higher than last year.

“This also means that the pre-tax profit posted by Ewein in the first nine months of financial year 2018 (FY18) has surpassed the pre-tax profit recorded for the entire FY17 by 150.46%, and all other financial years since its listing in 2008,” said president and managing director Datuk S.K. Ewe.

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