Gamuda posts higher Q1 pre-tax profit of RM106.476 Mln

KUALA LUMPUR, Dec 17 (Bernama) -Infrastructure group Gamuda Bhd has registered a higher pre-tax profit of RM106.476 million for the first quarter ended Oct 31, 2007 compared with RM63.177 million in the previous corresponding quarter.The company which recently secured the government's approval to build the Ipoh-Padang Besar electrified double tracking project, also recorded higher revenue of RM473.494 million for the quarter against RM365.810 million previously.In its circular to Bursa Malaysia here, the company said the increases in revenue and pre-tax profit were due to higher contributions from all divisions, especially the construction division.The company said the overall group performance for the current financial year was expected to be better than the previous year.It said the commencement of double tracking project and other ongoing construction projects are expected to enhance the construction division's activities and earnings in the year.Besides that, water related and expressway concessions are also expected to contribute positively to the group's performance.