Gamuda’s reported sales: 7x. Profit: only 1.5x. 📉
Gamuda’s reported sales: 7x. Profit: only 1.5x. 📉 So where did the growth go? 🏗️ Toll roads sold, overseas construction grew 💰 2016-2025: Operating profit RM6.1b, operating cash RM3.3b 🏦 Capital spending RM10.1b, net debt up ~RM6.6b Big company ≠ big returns for shareholders. For the full analysis and valuation, read the article on i4value.asia
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