Gamuda core net profit at all-time high, says CIMB Research

KUALA LUMPUR: Gamuda's core net profit for the financial year ended July 31, 2014 was 7% above CIMB Equities Research’s  numbers and 10% above consensus, with core net profit at its all-time high.

The research house said on Tuesday the results were above expectations as it had underestimated its associates. A flattish property sales outlook going into 2015 should be offset by construction over the medium term.