Latest news with #RM671
The Star
4 hours ago
- Business
- The Star
Gamuda posts higher 3Q net profit, declares 10c dividend
KUALA LUMPUR: Gamuda Bhd recorded a higher net profit of RM671 million for the third quarter ended April 30, 2025 (3Q), up five per cent year-on-year, driven by stronger performance in its domestic construction projects. "Property sales grew 10 per cent to RM2.6 billion compared with RM2.3 billion sold last year, primarily driven by several quick-turnaround projects in Vietnam,' the engineering and construction group said in a statement today. During the same period, Gamuda's revenue increased by 14 per cent to RM11.5 billion from RM10 billion recorded in the corresponding period last year. The group's quarterly earnings rose five per cent to RM247 million, also supported by its domestic construction division, where earnings tripled to RM104 million compared to the same quarter last year. The board of directors has declared a second interim dividend of five sen per share, bringing the year-to-date dividend to 10 sen per share, representing a 25 per cent increase from the previous year's eight sen (adjusted following 1:1 bonus share issuance). Gamuda said its domestic operations have gained momentum, with its orderbook contributing 41 per cent of the total RM35 billion construction orderbook, representing a substantial portion of the group's overall performance. It noted that construction revenue and net profit rose by four per cent and 40 per cent, respectively, during the third quarter. Gamuda also noted that its data centre investments have begun to yield positive returns, contributing meaningfully to the engineering division's pre-tax earnings. "This development marks a significant milestone for the group's expansion strategy, positioning it well to meet growing demand for digital infrastructure,' it added. - Bernama
Barnama
8 hours ago
- Business
- Barnama
Gamuda Posts Higher 3Q Net Profit, Declares 10 Sen Dividend
BUSINESS Gamuda Group rewards shareholders with an increased dividend of 10 sen, up from previous year's 8 sen KUALA LUMPUR, June 26 (Bernama) -- Gamuda Bhd recorded a higher net profit of RM671 million for the third quarter ended April 30, 2025 (3Q), up five per cent year-on-year, driven by stronger performance in its domestic construction projects. 'Property sales grew 10 per cent to RM2.6 billion compared with RM2.3 billion sold last year, primarily driven by several quick-turnaround projects in Vietnam,' the engineering and construction group said in a statement today. During the same period, Gamuda's revenue increased by 14 per cent to RM11.5 billion from RM10 billion recorded in the corresponding period last year. The group's quarterly earnings rose five per cent to RM247 million, also supported by its domestic construction division, where earnings tripled to RM104 million compared to the same quarter last year. The board of directors has declared a second interim dividend of five sen per share, bringing the year-to-date dividend to 10 sen per share, representing a 25 per cent increase from the previous year's eight sen (adjusted following 1:1 bonus share issuance). Gamuda said its domestic operations have gained momentum, with its orderbook contributing 41 per cent of the total RM35 billion construction orderbook, representing a substantial portion of the group's overall performance. It noted that construction revenue and net profit rose by four per cent and 40 per cent, respectively, during the third quarter. Gamuda also noted that its data centre investments have begun to yield positive returns, contributing meaningfully to the engineering division's pre-tax earnings. 'This development marks a significant milestone for the group's expansion strategy, positioning it well to meet growing demand for digital infrastructure,' it added.
