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Gamuda posts record net profit of RM806.23mil in FY22

The Star Business LogoThe Star Business2 mo ago

Gamuda posts record net profit of RM806.23mil in FY22 - The Star Business

Quick Summary:

KUALA LUMPUR: Gamuda Bhd closed its 2022 financial year with record-breaking earnings in its property and engineering divisions, which boosted the group's net profit to an all-time high of RM806.23mil.

"On top of that, the group has a healthy balance sheet with a currently low gearing of 0.1 time which will turn net cash positive upon completion of the highway sale," it said.

Gamuda posts record net profit of RM806.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 19:18:00 (2 months ago)

News Timezone: GMT +8:00

Ranking: #781 (out of 3351 stories this day)

News Source URL: thestar.com.my

Language: English

Article Length: 340 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star Business

News ID: 619660

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 45 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 29 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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The story "Gamuda posts record net profit of RM806.23mil in FY22" was covered 2 months ago by The Star Business, a news publisher based in Malaysia.

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  • URL: https://beamstart.com/news/gamuda-posts-record-net-profit-16644557936738

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