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Gamuda 1QFY18 net profit up 25%, declares 6 sen dividend

Gamuda 1QFY18 net profit up 25%, declares 6 sen dividend

KUALA LUMPUR (Dec 15): Higher work progress by Gamuda Bhd’s construction division lifted the group's net profit for the first financial quarter ended Oct 31, 2017 (1QFY18) by 25.2% to RM203.02 million, from RM162.15 million a year ago.

Earnings per share rose to 8.27 sen in 1QFY18, from 6.7 sen.

Quarterly revenue rose 52.9% to RM771.82 million from RM504.88 million in 1QFY17, mainly due to higher work progress from the group’s various construction projects, coupled with stronger overseas property sales and several new property projects in Malaysia.

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