Moving forward, the group anticipates a good performance this year from ongoing construction projects and steady earnings from the water and expressway concessions division.
PETALING JAYA: Gamuda Bhd
’s third quarter earnings to April 30, 2016 decreased by 4.83% to RM152.69mil on the back of a 15.62% drop in revenue to RM467.29mil mainly due to a softening of the property market in Malaysia.
The lower earnings and revenue were further contributed by the tapering of underground and elevated works of the Klang Valley Mass Rapid Transit Line 1 project, Gamuda said in a filing with Bursa Malaysia.
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