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Gamuda Berhad (29579-T) • Annual Report 2012
“Togetherwithour 50%partnerMMCCorporationBerhad, theMMC-
Gamuda JV won, through a keenly competed international open
tender, the underground works package for RM8.28 billion.”
The division delivered an outstanding performance
in FY2012 for the second consecutive year.
Revenues stayed relatively flat at RM1.9 billion as
several projects were completed during the year.
Pre-tax profit, however, surged 55% to RM222
million as significant margin improvements were
achieved on the electrified Double Track Project
(eDTP). As a result of this strong performance, the
division increased its share of group profits to 31%
from 26% last year.
FY2012 also saw the division secure two major
roles in the country’s single largest infrastructure
project, the Klang Valley Mass Rapid Transit
(KVMRT). This multi-billion Ringgit, three-line metro
network, broke ground in July 2011, and has since
commenced construction of the first of its three
lines, the sungai Buloh - Kajang line (sBK line).
Together with our 50% partner MMC Corporation
Berhad, the MMC-Gamuda JV won, through a
keenly competed international open tender, the
underground works package for RM8.28 billion.
in addition, a separate JV was also appointed the
Project Delivery Partner (PDP) for the sBK line.
With these achievements, the division closed
FY2012 with an unbilled construction order book of
RM5.2 billion. This will keep the division busy over
the next five years.
Prospects for securing more projects in the coming
years remain bright as the Government has
outlined plans to spend up to RM160 billion on
various rail-related projects up to 2020. Planning
works on the next two KVMRT lines for instance,
are at an advanced stage and it is envisaged that
contract awards for these lines could commence by
end 2013. in addition to the domestic market, the
division continues to seek out opportunities in new
overseas markets such as indonesia, Vietnam, and
more recently, Myanmar.
Demolition works at the Pasar Seni KVMRT station site was completed in
September 2012. This future underground station will be integrated with the
existing Pasar Seni LRT station