Bloomberg News

Gamuda Rises to Three-Week High on Quarterly Profit Increase

September 29, 2011

Sept. 30 (Bloomberg) -- Gamuda Bhd., a Malaysian construction and property group, advanced to the highest level in almost three weeks in Kuala Lumpur trading after fourth- quarter net income surged 46 percent to 126.2 million ringgit.

The stock gained 1.4 percent to 2.91 ringgit at 9:06 a.m. local time, set for the highest close since Sept. 9.

To contact the reporter on this story: Gan Yen Kuan in Kuala Lumpur at ykgan@bloomberg.net

To contact the editor responsible for this story: Chan Tien Hin at thchan@bloomberg.net


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