PETALING JAYA: Infrastructure-property company Gamuda Bhd
’s core net profit for the financial year ended July 31 was 15% above CIMB Equities Research’s full-year forecast and 9% above consensus estimates.
The research house said Gamuda recognised a RM304.5mil impairment from the water deals – where it sold a 40% stake in Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) and got a receivables haircut for 80%-owned Gamuda Water.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
