Gadang's 3Q net profit surges more than three-fold

KUALA LUMPUR: Gadang Holdings Bhd’s net profit rose more than three-fold year-on-year to RM5.45mil for the third quarter ended Feb 28 (3Q22) from RM1.52mil previously, due to a better profit margin for ongoing projects.

The group recorded lower revenue of RM119.52mil compared to RM138.91mil in the preceding year's corresponding quarter.