WCT Q2 profit falls 9% to RM31mil on lower property sales

PETALING JAYA: WCT Holdings Bhd’s net profit for its second quarter ended June 30 dropped 9% to RM31.06mil from RM34.30mil in the previous corresponding period, mainly due to lower contributions from overseas projects and its property development segment.

Revenue during the quarter, meanwhile, increased to RM422.31mil from RM401.47mil a year earlier.