WCT Posts RM173 Million Net Profit For 3Q24

WCT Holdings Bhd has reported a revenue of RM437 million for its third quarter ended Sept 30, 2024 (3Q24), compared to RM497 million in 3Q23. The group achieved RM173 million in net profit for 3Q24 compared to a loss of RM14 million recorded in 3Q23, driven by the remeasurement of interest in a jointly controlled entity amounting to RM184 million.

For the nine months ended Sept 30, 2024 (9M24), the group recorded revenue and net profit of RM1.28 billion and RM221 million, respectively, compared to the revenue and net loss of RM1.33 billion and RM8 million in 9M23.

To date, the group’s unbilled sales stood at RM1.05 billion.

Looking ahead, WCT will remain focused on achieving key project milestones while pursuing infrastructure and building-related tenders both locally and regionally.