KUALA LUMPUR: Gamuda Bhd’s net profit increased 25.2 per cent in the first quarter (Q1) ended October 31, 2017 to RM203.02 million from RM162.15 million. Revenue in the same quarter increased 52.9 per cent to RM771.82 million from RM504.88 million. Gamuda said its construction division’s revenue grew 49 per cent in Q1 to RM1.03 billion compared with RM696 million in the same quarter last year. Gamuda said property division sold RM903 million worth of properties, more than double the RM430 million sold in last year’s corresponding quarter. Gamuda said infrastructure concessions’ division reported a revenue of RM129 million and PBT of RM114 million which is similar to last year’s financial performance.

Source: New Strait Times December 15, 2017 12:45 UTC