To meet expectations. Taking the cue from the improved construction margins recorded by peers IJM and WCT in their just-released Jan-Mar 2010 results, we expect Gamuda’s 3QFY07/10 results, due out by the end of the month, to come in roughly within expectations. We expect Gamuda’s 3QFY07/10 core net profit to come in at RM80-85m, vis-à-vis RM68m recorded in 2QFY07/10. Cumulatively, 9M net profit of RM211-216m is equivalent to 76-78% of our full-year forecast and 70-72% of the full-year market consensus.
Gamuda Berhad : 9MFY07/10 Results To Meet Expectations - 15/6/2010
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