Gamuda Singapore, a wholly owned subsidiary of Gamuda Bhd, made a joint bid of S$318.89mil (RM963mil) for the tract earmarked for executive condominium development .
KUALA LUMPUR: Gamuda Bhd
took a one-time hit in the fourth quarter arising from the disposal of its water assets to the Selangor state government, but a jump in property sales overseas boosted its annual core profit to a new high.
The company made a net loss of RM101mil in the three-month ended July 31, the company said in a filing with Bursa Malaysia on Friday. Excluding the one-off loss of RM300mil on disposal of Splash and RM4mil on investment in Gamuda Water, core net profit in the last quarter was RM203mil.
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