Gamuda earnings soar in third quarter


Gamuda said its improved profitability was bolstered by better earnings performance from its property and construction divisions.(File pic shows Gamuda workers being trained in tunnelling works.)

KUALA LUMPUR: Gamuda Bhd’s net profit jumped 56.1% to RM221.48mil in the third quarter ended April 30 (3Q22) from RM141.88mil in the same period a year ago, mainly driven by higher overseas property earnings.

The group said its improved profitability was bolstered by better earnings performance from its property and construction divisions.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Gamuda , tunnelling , property , MRT ,

Next In Business

Ringgit likely to trade within 4.04-4.07 range next week
Diagnosing the FBM KLCI
Underrated threat of AI-driven inflation�
Can paralysed Europe rise again?
Rebuilding Ukraine
Banks snatch up mortgage bonds
The big catch
Semiconductors still in US crosshairs
EV dreams, petrol reality
Offering luxury for less

Others Also Read