GAMUDA Bhd reported a net profit of RM205.39 million for the first quarter ended October 31, 2024 (1Q25), a 5.31% increase from RM195.04 million in the same period last year.

Revenue surged 47.47% to RM4.14 billion, driven by improved contributions across all business segments.

The group declared a first interim dividend of 10 sen during the quarter, adjusted to 5 sen per ordinary share on the enlarged share capital base following a 1:1 bonus share issuance.

In the previous corresponding period, an interim dividend of 6 sen per ordinary share was declared and paid.

Earnings from its domestic and overseas construction businesses saw significant growth, with domestic construction profits up 32% and overseas construction profits rising 10%.

Domestic property development saw a more than fourfold increase in earnings, while overseas property development profit halved due to the completion of the Celadon City project in Vietnam.

Gamuda’s performance in upcoming quarters will be supported by its record-high RM30 billion order book and RM6.9 billion in unbilled property sales.

The company secured RM6.7 billion in construction contracts in 1Q25, including major projects such as the Xizhi Donghu Mass Rapid Transit and Ulu Padas Hydroelectric Project.

Gamuda’s shares closed at RM9.60, up 3 sen or 0.31%, valuing the company at RM27.24 billion. — TMR