In a note on Monday, the research house said Gamuda’s FY2023 CNP grew 7% year-on-year, another record high, as contributions from overseas engineering and construction (E&C) jobs offset earnings foregone post the sale of its tolled highways in October 2022.
On Wednesday, Gamuda reported that its net profit rose to RM1.
In a note on Friday, TA Securities said Gamuda’s FY2023 core profit of RM804.
“Property sales rose to an all-time high of RM4.
In a sector update on Thursday, the research house said that moving forward, the federal government may now be able to focus its efforts to roll out big-ticket infrastructure projects, in addition to implementing institutional reforms.
“We designed and planned our townships with a target to achieve at minimum a 30% overall reduction in carbon emission, as compared to the business-as-usual design.
The company said this mixed-use development site has a projected gross development value (GDV) of US$1.
Gamuda noted that this RM30 million partnership will see the company collaborating with VTAR to create the Certificate in Digital Manufacturing in Construction programme.
Quarterly net profit edged up 0.
In a bourse filing on Thursday (June 22), the engineering, property and infrastructure group said it had approved the renewal of the employment contract of the 68-year-old engineer-turned-corporate leader from July 1, 2023 to June 30, 2028.
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