Gamuda net profit down but revenue higher

PETALING JAYA: Despite registering higher revenue, Gamuda Bhd’s net profit was lower by 25.4% at RM153.7mil for the fourth quarter ended July 31, 2015, compared with RM205.9mil in the corresponding quarter last year.

The infrastructure and construction company said in its filings with Bursa Malaysia on Monday that the lower earnings were attributable to the completion of the electrified double tracking railway project in November 2014.