Public Investment sees Gamuda core earnings 2023-2025 remaining unchanged

KUALA LUMPUR: Public Investment Bank Bhd (Public IB) has projected Gamuda Bhd’s 2023 to 2025 financial year core earnings to remain unchanged with zero earnings contribution from the sale of its stakes in four highway concessions to Amanat Lebuhraya Rakyat (ALR).

The acquisition by ALR of all the securities of four highway concession companies, namely Kesas Sdn Bhd (Kesas); Sistem Penyuraian Trafik KL Barat Sdn Bhd (Sprint); Lingkaran Trans Kota Sdn Bhd (Litrak) and Syarikat Mengurus Air Banjir & Terowong Sdn Bhd (Smart) by ALR) has been completed.