Gamuda pre-tax profit surges to record RM406mil

Stock watch on xxxxGamuda Bhd has reported a 26% jump in pre-tax profit to a record RM406mil on the back of strong performance in the group's core businesses for the financial year ended July 31. 

The company said in a statement the pre-tax profit rise would have been stronger at 35%, if not for a one-off charge for goodwill written off. The group's revenue surged 40% to RM1.4bil from RM1bil in the equivalent period last year.