Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Friday, June 24, 2011

Gamuda 3Q net profit up 39.6% to RM116.63m

KUALA LUMPUR: GAMUDA BHD []'s net profit for the third quarter ended April 30, 2011 rose 39.6% to RM116.63 million from RM83.53 million a year earlier due to higher contributions from all its divisions.

Revenue for the quarter rose to RM621.20 million from RM511.20 million in 2010. Earnings per share was 5.67 sen while net assets per share was RM1.77.

Gamuda declared a second interim tax-exempt dividend of 6 sen per share single-tier.

For the nine months ended April 30, Gamuda’s net profit rose 26.7% to RM299.19 million from RM236.19 million on the back of revenue RM1.86 billion.

Commenting on its prospects, Gamuda said on Thursday, June 23 that with the existing CONSTRUCTION [] projects progressing on schedule and the strong performance of the property division, the group’s results were expected to further improve in the remaining quarter of the current financial year.


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