WCT Holdings quarterly net profit declines

PETALING JAYA: WCT Holdings Bhd’s net profit for the third quarter ended Sept 30, 2025 (3Q25) plunged 94% year-on-year (y-o-y) to RM10.5mil, as it continues to caution against a challenging environment for the engineering and construction industry.

This translates to an earnings per share of 0.68 sen. Revenue for 3Q25 increased by 10% y-o-y to RM482.6mil.

In a filing with Bursa Malaysia, WCT said the engineering and construction segment continues to be its main contributor of revenue of RM264mil, accounting for 55% of the group’s consolidated revenue.

For the nine-month period ended Sept 30, 2025, the group’s net profit fell by 83% y-o-y to RM37.8mil or an earnings per share of 2.43 sen.

Revenue increased by 18% y-o-y to RM1.5bil, mainly driven by higher sales and billings in the property development segment, as well as revenue from sale of land.