PETALING JAYA: GDB Holdings Bhd’s net profit fell 14.4% to RM6.4mil in the third quarter ended Sept 30, against RM7.48mil a year ago on the back of lower revenue. In the first nine months to Sept 30, GDB posted a 17.4% increase in net profit to RM20.1mil from RM17.1mil a year ago. “We will continue to make progress of our remaining ongoing projects, and are tendering for RM1.31bil worth of projects across commercial, hotel, residential, as well as mixed development segments. “These four ongoing projects are expected to provide earnings visibility until early FY2024,” it said. As at Sept 30, GDB’s total cash and cash equivalents stood at RM88.1mil.

Source: The Star November 18, 2021 10:32 UTC