KUALA LUMPUR: WCT Holdings Bhd saw a 71 per cent jump in net profit to RM41 million for the third quarter ended 30 September 2017, from RM24 million registered in the corresponding quarter last year. The Group’s Property Development Division recorded an operating profit before finance costs and tax of RM48 million on the back of RM349 million revenue. The Group’s Property Investment and Management Division recorded an operating profit before finance costs and tax of RM24 million on the back of a revenue of RM50 million. The Group’s share of profit after tax arising from Property Investment and Management under joint ventures amounted to RM18 million. “Looking ahead, our Engineering & Construction Division is expected to continue to perform well due to its strong order book.

Source: New Strait Times November 22, 2017 12:45 UTC