Gamuda reports lower Q1 earnings


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: Engineering and construction firm, Gamuda Bhd saw its net profit slip 16% to RM172.04mil for its first quarter ended July 31, 2018 as compared with RM204.07mil it posted for the same quarter previously.

In a filing to Bursa Malaysia, Gamuda attributed the lower earnings to the disposal of its 40% stake in Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash).

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