WCT’S NET PROFIT FALLS 72% TO RM23.97M IN Q3

The Sun (Malaysia) - - SUNBIZ -

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.

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