PETALING JAYA: Gamuda Bhd has added another feather in its cap after bagging the coveted “Best Managed Company in Malaysia – Medium Cap” Award from Asiamoney during the Asiamoney Awards 2013 recently.
A well-known name in the Malaysian construction industry, Gamuda was accorded the prestigious title in Hong Kong last week based on the group’s foresight, innovative engineering solutions and exceptional project management expertise that positioned it as the leading expert in rail construction and tunnelling in the country
Gamuda’ s record-breaking engineering milestones include the design and construction of the world-renowned stormwater management and road tunnel (SMART Tunnel), the electrified double-track project (Ipoh – Padang Besar) and the latest Klang Valley Mass Rapid Transit, Sungai Buloh – Kajang Line.
“They are in the project development of the single largest (infrastructure) project in Malaysia – the MRT.
“They deserve the good fortune because of their foresight in engineering capabilities,” said an analyst, as cited in Asiamoney PLUS, the leading online resource on Asian financial markets and sister publication of Asiamoney monthly magazine.
According to Maybank IB Research in its latest report for Gamuda’s fourth quarter results ended July 31, the company chalked up its third consecutive record recurring net profit of RM630mil, representing a year-on-year rise of 15%.
Gamuda’s unbilled construction orderbook stands at RM3.5bil as at end financial year 2013.
The company was awarded similar accolades in the past by Asiamoney, FinanceAsia and Euromoney.
Each year, Asiamoney awards companies and executives from each major economy in the Asia-Pacific region for exceptional management resulting in strong financial performance and revenue growth.
The panel of judges for the annual awards comprises renowned global professional investors, financial analysts, brokers and well-established members of the regional investment community.
Asiamoney Awards is an initiative by the influential Asiamoney financial magazine.
which has been gathering the collective opinions and insights on the Asia Pacific financial markets since 1989.
- The Star Biz
