PETALING JAYA: WCE Holdings Bhd
expects additional sectional toll revenue to further improve the future financial performance of the group.
For the first quarter ended June 30, 2024, WCE’s net loss narrowed to RM25.86mil from RM26.41mil in the previous corresponding period, while revenue dropped to RM75.57mil from RM116.04mil a year earlier.
In a statement, the company said it anticipates initial losses in the early years of toll operations due to the cessation of interest expenses capitalised for completed sections.
“The staggered opening of the remaining sections is expected to boost sectional toll revenue and is poised to improve the group’s future financial performance positively in terms of cash flows and operating results.
“Once the toll operations are fully operational with increased and stabilised traffic volume, the group expects a shift toward profitability as revenue growth outpaces interest costs.”
