Gamuda's 3Q profit rises 6% to RM235.8m, driven by overseas projects
Quarterly revenue grew 20.
Quarterly revenue grew 20.
Shenton House covers 3,377 sq m and is designated for commercial use with a gross plot ratio (GPR) of 11.
Gamuda's core net profit could come in between RM230 million and RM250 million for the third quarter ended March 31, 2024 (3QFY2024), the research house said in an earnings preview note.
The RTS, which is currently 65% finished and expected to start running in 2026, will make it much easier for people to travel between the two areas, boosting economic activity.
The construction firm announced that its wholly owned subsidiary, Grand Dynamic Builders Sdn Bhd (GDBSB), had accepted a letter of award for the construction of Plot B of a logistics hub from Strategic Sonata Sdn Bhd.
This strong project portfolio has strengthened IJM Construction's order book to RM7 billion, comprising high-profile private and public sector projects in building construction and civil engineering, ensuring near-term earnings visibility, said IJM.
As the main contractor, GDB has to design, build and maintain the five-storey ramp-up warehouse, complete with offices, amenities, and supporting facilities.
ERA Realtor CEO Tai Eefan: “We serve all — local customers, foreign customers and developers.
The new 20,000-square-foot design centre will focus on the development of next generation high-speed digital and analog instrumentation.