<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on September 29, 2015.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Gamuda Bhd’s net profit declined 25.4% to RM153.68 million in the fourth quarter ended July 31, 2015, from RM205.89 million a year ago, mainly due to the completion of the electrified double-tracking railway.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to its filing wth Bursa Malaysia yesterday, the construction company said its revenue rose 5.28% to RM623.27 million from RM592 million a year ago. Earnings per share (EPS) was 6.39 sen versus 8.89 sen.</p></div>

<div class=newsTextDataWrapInner><p>For the full financial year 2015 (FY15), Gamuda’s net profit fell 5.2% to RM682.1 million from RM719.4 million. Annual EPS fell to 28.94 sen from 31.29 sen. Revenue was at RM2.4 billion, up 7.62% from RM2.23 billion in FY14.</p></div>

<div class=newsTextDataWrapInner><p>Gamuda attributed the rise in revenue to higher contribution from Kesas Sdn Bhd due to its additional stake in the concessionaire of Shah Alam Expressway.</p></div>

<div class=newsTextDataWrapInner><p>The group anticipates a good performance next calendar year from ongoing construction projects and steady earnings from its water and expressway concessions.</p></div>

<div class=newsTextDataWrapInner><p>However, it sees weaker growth for the property division in the coming quarters. Gamuda’s share price closed at RM4.50 yesterday, up one sen from last Friday’s close, with a market capitalisation of RM10.83 billion.</p></div>


This article first appeared in The Edge Financial Daily, on September 29, 2015.

 

KUALA LUMPUR: Gamuda Bhd’s net profit declined 25.4% to RM153.68 million in the fourth quarter ended July 31, 2015, from RM205.89 million a year ago, mainly due to the completion of...

Gamuda’s 4Q net profit falls 25.4%

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Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

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<p>Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.</p>

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<p>Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.</p>


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<p>Barisan Nasional (BN) component parties are required to help the candidate representing the unity government in the Kuala Kubu Baharu state by-election, said BN deputy chairman Datuk Seri Mohamad Hasan.</p>


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<p>A huge blast at a military base in Iraq early on Saturday killed a member of an Iraqi security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time.</p>


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<p>Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.</p>


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<p>Deputy Minister of Communications Teo Nie Ching cautioned the public on the latest tactics of scammers impersonating ministry officials.</p>


<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>


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<p>Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".</p>
