Thursday, 7 December 2017 | MYT 1:35 PM
Gamuda eyes orderbook replenishment of RM6-RM8bil
SHAH ALAM: Gamuda Bhd is eyeing an order book replenishment of at least RM6bil over the next two years, said its managing director Datuk Lin Yun Ling.
“We try to do this. We have around RM8bil in orderbook presently that will last us for the next three years,” he said at a press conference after its AGM here today.
He also noted that the capital expenditure figure for the financial year 2018 will be benign apart from standard working capital requirements.
“It won’t be very big as we have already made a lot of new investments into townships and developing infrastructure for new townships. Last year we have also already allotted for the renewal of the tunnel boring machines,” he said.
“We are on a hold for major capex requirements and there won’t be any big ones at least,” he added.