Gamuda Berhad Announces Unaudited Consolidated Earnings Results for the First Quarter Ended October 31, 2017
December 14, 2017
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Gamuda Berhad announced unaudited consolidated earnings results for the first quarter ended October 31, 2017. For the quarter, the company reported revenue of MYR 771,823,000 against MYR 504,881,000 a year ago. Profit from operations was MYR 183,207,000 against MYR 133,662,000 a year ago. Profit before taxation was MYR 259,326,000 against MYR 205,647,000 a year ago. Profit attributable to owners of the company was MYR 203,017,000 or 7.88 sen per diluted share against MYR 162,148,000 or 6.46 sen per diluted share a year ago. Net cash generated from operating activities was MYR 36,914,000 against net cash used in operating activities of MYR 337,840,000 a year ago. Purchase of property, plant and equipment was MYR 24,843,000 against MYR 41,973,000 a year ago. The increase in revenue and net profit were 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.
Gamuda Berhad is a Malaysia-based investment holding company, which is engaged in the business of civil engineering, infrastructure, and township developments. It operates through three segments: Engineering and Construction, Property Development and Club Operations, and Highways. The Engineering and Construction segment is engaged in the construction of highways and bridges, airfield facilities, railways, tunnels, water treatment plants, dams, and general and trading services related to construction activities. The Property Development and Club Operations segment is engaged in the development of residential and commercial properties and club operations. It also operates quarry, manufactures premix, and provides project delivery. It offers information technology services, and manufacture, supply, and laying of road surfacing materials. Its project includes Sitra Causeway Bridges, Kuantan Bridge, Pulau Bunting Bridge, Hamad International Airport, Sungai Selangor Dam, and more.
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