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Boss Peter Tompkins said the contractor was tackling poorly performing businesses and flagged stronger profit margins in the second-half after delivering a 6 per cent rise in interim net profit to $72.1 million.
The company’s adviser, Barrenjoey, has been negotiating a $100 million-plus bid for its minerals processing unit with Perth-headquartered AvidSys Group.
DOW - FY23 Guidance achieved, non-cash impairment charge sharechat.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sharechat.co.nz Daily Mail and Mail on Sunday newspapers.
Gamuda Completes Acquisition of Downer EDI Limited Transport Projects Business miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
AS a major player in the Malaysian construction industry, Gamuda Berhad’s commitment to training and upskilling its workers and contractors – even those not directly employed – is well known.
A flyer circulated to potential investors by Barrenjoey said the business would generate nearly $40 million EBITDA this year, and pitched it as an ESG play