WCT’S NET PROFIT FALLS 72% TO RM23.97M IN Q3
PETALING JAYA: WCT Holdings Bhd saw its net profit in the third quarter ended Sept 30, 2016 (Q3FY16) fell 72% to RM23.97 million, from RM85.91 million in the same period last year, mainly due to high unrealised foreign exchange gain previously. However, its was revenue up 11.5% to RM414.4 million, compared with RM371.8 million in the previous corresponding quarter, driven by higher contribution from local construction segment. For the nine months period, the group’s net profit more than halved to RM64.9 million, from RM150.2 million a year ago, while revenue increased 29.2% to RM1.48 billion, against RM1.1 billion previously. WCT closed unchanged at RM1.93 yesterday, with some 2.5 million stocks traded.