KUALA LUMPUR: Gamuda Bhd posted stronger set of earnings in the first quarter ended Oct 31, with net profit at RM63 million, up 14.5% from RM55.04 million a year ago, due to higher contributions from all divisions.

The infrastructure-based company said on Tuesday, Dec 22 that revenue was marginally higher by 1.63% at RM623.96 million from RM613.96 million.

KUALA LUMPUR: The announcements on Dubai World’s debt restructuring and the Vietnamese dong’s devaluation hit world markets late last week. Malaysia was not spared, with some construction companies, perceivably with the most direct exposure, falling -9.2% since last Wednesday (compared to a -0.1% fall in the KLCI).

Amid a challenging economic environment where developers are faced with a softer property market and higher inflation, it has become imperative for the big boys in the industry to come up with brand campaigns which will set themselves apart from their competitors.One of these developers, Gamuda Land Sdn Bhd, is noted for its innovation.

Not spared the effects of the global financial crisis and economic slowdown, the upmarket segment of the housing property market has seen a return of buying interest of late.

There is a new but not unfamiliar name this year at the No 1 spot of The Edge Top Property Developers Awards 2009. Sime Darby Property Bhd (SDP), the property division of Sime Darby Bhd, wrested the top spot from S P Setia Bhd, which had held the position the past four consecutive years. SDP, which did not feature in the ranking last year, certainly made its presence felt this year.

KUALA LUMPUR: IJM Land Bhd led real estate stocks lower and builders fell after Prime Minister Datuk Seri Najib Tun Razak imposed a capital gains tax on property and the government cut development spending.

IJM Land, Malaysia’s fifth-biggest developer, slid 2% to RM2.44 at 10.28am on Oct 26, outpacing the FTSE Bursa Malaysia KLCI Index’s 0.4% decline. IGB Corp lost 3.3% to RM2.07.

There is a new but not unfamiliar name this year at the No 1 spot of The Edge Top Property Developers Awards 2009. Sime Darby Property Bhd (SDP), the property division of Sime Darby Bhd, wrested the top spot from S P Setia Bhd, which had held the position the past four consecutive years.

KUALA LUMPUR: Gamuda Bhd's net profit fell 38.3% to RM43.29 million in the fourth quarter ended July 31 compared with RM70.2 million a year ago due to sharply higher operating expenses.Gamuda said on Tuesday, Sept 29 that revenue however rose 10.68% to RM942.24 million from RM851.3 million.

KUALA LUMPUR: Gamuda Bhd's net profit fell 38.3% to RM43.29 million in the fourth quarter ended July 31 compared with RM70.2 million a year ago due to sharply higher operating expenses.

Gamuda said on Sept 29 that revenue, however, rose 10.68% to RM942.24 million from RM851.3 million. Earnings per share were 2.16 sen compared with 3.50 sen.

Lower interest rates on housing loans, very attractive packages from property developers and more “realistic” property prices are calling out to consumers... but is it a good time to buy?