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Gamuda Q3 Net Profit Down 9.8 Percent To RM160 Million

Gamuda recorded a 9.8 percent drop in net profit to RM160.4 million for 3Q15 ended 30 April 2015, attributable to the completion of the Electrified Double Tracking Railway Project in November 2014.

For 9M15, net profit edged 2.9 percent to RM528.5 million on the back of a 8.5 percent increase in revenue to RM1.8 billion.

On status of the Klang Valley MRT project, Gamuda states that the cumulative progress as at end May 2015 is a 64 percent completion rate.

Significance: The project is on target for Phase 1 completion in December 2016 and full completion by July 2017, with no significant costs overruns so far.


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