“Nevertheless, the commencement of toll operations of the West Coast Expressway is expected to improve the future financial performance of the group in terms of cash flows and is expected to provide the group a stable recurrent income over the concession period, ” it said. IJM Corp Bhd is the single largest shareholder of WCE with a 25.99% stake.
WCE Holdings Bhd
, which slipped into a RM34.92mil net loss in the financial year of 2020 (FY20), is not out of the woods yet.
The builder and concessionaire of the 233km West Coast Expressway is likely to face heavy losses ahead as the six remaining sections of the delayed expressway are completed.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
