Wednesday, September 12, 2012

Gadang ... Sep12

The company has a RM863.39 million contract for the My Rapid Transit (MRT) project and a RM410.87 million job to build the 300-bed Shah Alam Hospital . It is also bidding for construction jobs worth more than RM2 billion, mostly government projects, to grow its future earnings. Gadang has RM1.5 billion worth of jobs in hand to keep it busy for the next three to four years.

Gadang has an oil palm plantation in Ranau, Sabah, where it has teamed up with oil palm plantation owners for the cultivation of some 6,000ha of oil palm over two phases. The group wants its plantation business to make up 10 per cent of its revenue and net profit by 2015.

For the financial year ended May 31 2012, Gadang reported a pre-tax profit of RM17.91 million, compared with a pre-tax loss of RM1.2 million in the same period of last year.

In 2010, Gadang won a RM291.2 million contract from Malaysia Airports Holdings Bhd (MAHB) to build a runway and taxiways for KLIA2 in Sepang, Selangor. The contract included site preparation, earthworks and main drainage for the 4km Runway 3. Gadang is expected to hand over the job to MAHB in Sept 2012.

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