To meet expectations. Taking the cue from the firm construction margins recorded by peers IJM and WCT in their just-released Apr-Jun 2010 results, we expect Gamuda’s 4QFY07/10 results, due out by the end of the month, to come in within expectations. We expect Gamuda’s 4QFY07/10 core net profit to come in at RM75-85m, vis-à-vis RM73m recorded in 3QFY07/10. Cumulatively, full-year net profit of RM279-289m will be in line with our forecast of RM277m and the market consensus of RM289m.
Gamuda Berhad : FY07/10 Results To Meet Expectations-08/09/2010
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