Thursday, November 17, 2011

WCT 3Q earnings up 28.5% to RM39m on-yr

KUALA LUMPUR (Nov 17): WCT BHD [] reported a 28.5% increase in earnings to RM38.29 million in the third quarter ended Sept 30 from RM30.56 million a year ago, mainly due to higher contribution from the civil engineering and CONSTRUCTION [] division.

It said on Thursday, revenue was marginally higher by 1.3% to RM361.97 million from RM357.14 million. Earnings per share were 4.87 sen compared with 3.88 sen a year ago.

However, the third quarter's revenue and net profit were lower when compared with the second quarter where the revenue was RM376 million and earnings at RM38 million.

For the nine-month period, the earnings rose 15.3% to RM114.48 million from RM99.26 million in the previous corresponding period. Revenue, however, declined 17.1% to RM1.053 billion from RM1.270 billion.


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