Gamuda posts all-time high net profit of RM1.17bil in Q1

KUALA LUMPUR: Gamuda Bhd recorded an all-time high net profit of RM1.17 billion in the first quarter ended Oct 31, 2022 (Q1FY2023) from RM152.37 million a year ago backed by a one-off cash gain of RM1 billion from the divestment of four highways that was successfully completed in October 2022.

Revenue increased by 90 per cent to RM1.31 billion from RM687.93 million previously, it said in a filing with Bursa Malaysia on Friday.