PETALING JAYA: Analysts have slashed Gamuda Bhd's earnings estimates by around 10% for the financial year ending July 31 (FY13) due to the unfavourable results of its arbitration recently.
Gamuda on Tuesday announced that its equal joint-venture (JV) entity with MMC Corp Bhd had been ordered to pay Wayss & Freetag (M) Sdn Bhd an arbitration sum of RM105mil.
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