KUALA LUMPUR: Gamuda Bhd announced a higher pre-tax profit of RM196.03 million for 3QFY12 ended April 30 compared with RM158.37 million in the previous corresponding period.

Its revenue rose to RM705.86 million from RM621.2 million previously, it told Bursa Malaysia.

The plans for Bandar Rimbayu, a 1,879-acre township in Banting in Kuala Langat, Selangor, that was previously known as Canal City and which has been almost a decade in the making, are finally ready to be unveiled to the masses.

It was on an early Thursday morning that we arrived at Senai International Airport in Johor after an hour-long flight from Subang in Petaling Jaya. After 15 minutes on the road, we arrived at UEM Land Holdings Bhd’s office in Nusajaya.

Gamuda Bhd (June 11, RM3.45)
Maintain market perform with fair value RM3.78: We expect Gamuda's 9MFY12 core net profit to come in at RM355 million to RM365 million, which will meet our forecast but trail market expectations.

KUALA LUMPUR (June 12): UEM Land Holdings Bhd (UEML) is taking a 51% stake in a proposed high-end residential resort development in Desaru, Johor, with an estimated gross development value (GDV) of RM5.4 billion. The project is in collaboration with Khazanah Nasional Bhd's subsidiary Desaru Development Corp Sdn Bhd (DDC), which will own 49% of the venture.

Investment gurus say that in uncertain times, invest for the long term,” declared Zerin Properties CEO Previndran Singhe during his talk at The Edge Investment Forum on Real Estate 2012 recently.

KUALA LUMPUR (May 31): Having opened its second shopping mall last week, construction firm WCT Bhd is eyeing more infrastructure concession projects locally to further broaden its recurring earnings base.For that, the company is willing to accept land as payment for undertaking build-operate-transfer (BOT) jobs on public-private partnership (PPP) terms promoted under the country's Economic Tran

KUALA LUMPUR (May 3): Mass Rapid Transit Corp Sdn Bhd on Thursday commenced work to redevelop the Klang Bus Stand into the new underground Pasar Seni MRT station for the Sungai Buloh-Kajang MY Rapid Transit (MRT) line.

KUALA LUMPUR: MMC-Gamuda Joint Venture Sdn Bhd is looking to subcontract 4km of the My Rapid Transit (MRT) tunnelling works to foreign parties, said sources.

A source told The Edge Financial Daily that the consortium would subcontract a 4km stretch of the total 9.5km MRT tunnelling works to foreign firms and would also lease the boring machines to them.

KUALA LUMPUR: Gamuda Bhd’s second quarter profit ended Jan 31 (2QFY12) rose 45.15% y-o-y to RM136.47 million from RM94.03 million a year ago.

The group’s revenue increased 26.7% to RM769.33 million for the quarter from RM607.19 million in the previous corresponding period. Likewise, earnings per share rose to 6.6 sen from 4.59 sen before.