Eastern & Oriental Bhd (E&O) posted a 29.5% increase in profit after tax (PAT) to RM64.9 million for the first quarter ended June 30, 2026 (1Q26), from RM50.1 million a year earlier, driven by higher revenue recognition from its development projects.
Revenue surged 53.4% to RM281.5 million from RM183.5 million in the corresponding quarter, with the properties segment accounting for most of the increase after contributing an additional RM99.3 million.
The stronger start to FY27 was supported by steady execution of E&O’s existing development pipeline and sustained demand for its offerings. The group said its latest launch, AVÉA Phase 2, received strong market interest, supporting sales momentum and its unbilled sales pipeline.
Looking ahead, E&O is preparing to launch a waterfront serviced apartment development and a landed development towards 4Q26.
The group is also expanding its healthcare footprint through a partnership with Cengild Medical Bhd and Skyspring Sdn Bhd to develop and operate a 240-bed multidisciplinary tertiary private hospital on Andaman Island, which is expected to commence operations in 2030.
Separately, E&O has secured a prime 1.4-acre residential site near KLCC and Pavilion Kuala Lumpur, where it plans to redevelop the existing building into luxury serviced apartments.
Its hospitality segment is expected to maintain positive momentum on continued regional travel demand, with E&O remaining cautiously optimistic about its prospects for the coming quarters.
