KUALA LUMPUR: WCE Holdings Bhd
, the concessionaire for the West Coast Expressway project, logged a wider net loss of RM88.56mil for its third quarter (3Q) ended Dec 31, 2024, amid interest costs of RM55.4mil incurred for completed sections.
This compared to a net loss of RM22.82mil in the 3Q of the previous financial year.
Revenue for the 3Q of its financial year 2025 ending March 31 (FY25) also declined to RM84.24mil, down from RM177.67mil previously, it said in its filing with Bursa Malaysia yesterday.
For the cumulative nine months, its net loss expanded to RM125mil compared to RM72.98mil previously, while revenue stood at RM310.98mil versus RM524.22mil.
It said in a statement that the highway achieved significant growth in toll collection revenue for the 3Q of FY25, registering a 144% increase to RM32.6mil from RM13.4mil in 3Q of FY24. — Bernama
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