Gadang

KUALA LUMPUR (Oct 26): Gadang Holdings Bhd shares rose 2.48% in early trade today after its net profit rose 9.8% to RM18.3 million in the first financial quarter ended Aug 31, 2017, from RM16.7 million a year ago, driven mainly by its construction division. Earnings per share rose to 2.79 sen from 2.58 sen.

At 9.18am, Gadang added 3 sen to RM1.24 with 819,800 shares done.

Quarterly revenue  grew 12.4% to RM116.7 million from RM103.9 million.

The construction division's quarterly revenue increased to RM76.8 million from RM42.1 million previously. — theedgemarkets.com

For more stories, download EdgeProp.my pullout here for free.

SHARE
SPONSORED CONTENT
Why residents are finding a sense of completeness at Setia homes

For Malaysia’s younger, family-oriented homeowners, the meaning of “home” is evolving. Beyond shelter, it is increasingly viewed as a space that supports family traditions, personal development and everyday functionality.

read more
RELATED POSTS
  1. PRG's construction arm takes 12 Picasso Residence units to partially recover RM37 mil debt
  2. IJM Corp aims to list construction business by 2027, says Kenanga
  3. Gadang sinks into the red in 3Q as construction and property divisions record lower revenue