Gamuda Q3 earnings jump three-fold

According to Gamuda, the pace of construction and property projects and traffic on its expressways were returning to pre-movement restriction levels. (File pic shows Gamuda training people for tunnelling)

PETALING JAYA: After several consecutive quarters of declining profit on a year-on-year (y-o-y) basis, Gamuda Bhd’s net profit for the third quarter ended April 30, 2021 leapt more than three-fold to RM141.83mil, led by stronger profitability of its construction, property and toll concession businesses.

In comparison, the group recorded a net profit of RM40.23mil in the same quarter a year earlier.