Gamuda Bhd recorded a revenue of RM2.40 billion for its financial year ended July 31st, 2008 (FY08) compared to RM1.52 billion the previous year, while its pre-tax profit rose 70 per cent to RM470.81 million from RM276.56 million previously.

In the fourth quarter, it had revenue of RM851.3 million compared with RM522.09 million in the corresponding quarter last year, while pre-tax profit rose to RM136.20 million from RM85 million a year earlier.

The rise in revenue and pre-tax profit for the year and quarter under review was attributed to higher contributions from all its divisions, said the developer in a statement to Bursa Malaysia.

It also attributed the increase in pre-tax profit for the fourth quarter to higher contributions from its property, water-related and expressway divisions. Gamuda said it expects a challenging business environment for all its divisions in the following financial year and expects its performance to remain “satisfactory”.