Gamuda Bhd Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended July 31, 2016
November 09, 2016 at 07:02 am EST
Share
Gamuda Bhd announced consolidated unaudited earnings results for the fourth quarter and full year ended July 31, 2016. For the quarter, the company reported revenues of MYR 614,386,000 compared with MYR 623,269,000 for the same period a year ago. Profit before tax was MYR 210,128,000 compared with MYR 190,520,000 for the same period a year ago. Profit attributable to ordinary equity holders of the parent was MYR 152,098,000 or 6.09 sen per diluted share compared with MYR 153,678,000 or 6.39 sen per diluted share for the same period a year ago. The decrease in revenue for the current quarter is mainly due to tapering of underground and elevated works of the KVMRT – Line 1. The increase in profit before tax for current quarter is mainly due to cost saving arising from near completion of KVMRT – Line 1. Profit from operations was MYR 168,757,000 compared with MYR 134,806,000 for the same period a year ago.
For the full year, the company reported revenues of MYR 2,121,899,000 compared with MYR 2,399,918,000 for the same period a year ago. Profit before tax was MYR 780,658,000 compared with MYR 858,189,000 for the same period a year ago. Profit attributable to ordinary equity holders of the parent was MYR 626,133,000 or 25.25 sen per diluted share compared with MYR 682,138,000 or 28.94 sen per diluted share for the same period a year ago. The decrease in revenue and profit before taxation for the current year to date mainly resulted from softening of the property market in Malaysia and tapering of underground and elevated works of the KVMRT – Line 1 project. Profit from operations was MYR 494,138,000 compared with MYR 601,987,000 for the same period a year ago. Net cash generated from operating activities was MYR 105,140,000 compared with MYR 228,272,000 for the same period a year ago. Purchase of land held for development was MYR 564,368,000 compared with MYR 791,996,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 102,194,000 compared with MYR 24,031,000 for the same period a year ago. Additions to investment properties expenditures was MYR 38,600,000 compared with MYR 14,315,000 for the same period a year ago. Additions to expressway development expenditures was MYR 27,619,000 compared with MYR 16,027,000 for the same period a year ago.
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.
GAMUDA 
