Gamuda’s earnings to take a hit


  • Business
  • Thursday, 17 Jul 2008

PETALING JAYA: Gamuda Bhd’s earnings growth will be affected by lower domestic property sales and tougher competition for jobs in the construction sector, both locally and abroad.

MIMB Investment Bank in a report said escalating prices of raw materials, such as steel, would affect the operating cost of Gamuda and grind down its profit margin.

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