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Hot Stock WCT falls 2.54% after decline in 2Q net profit
by Cals Sat 22 Aug 2015, 01:42
Hot Stock
WCT falls 2.54% after decline in 2Q net profit
KUALA LUMPUR (Aug 21): Shares of WCT Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) fell 2.54% in early trade in thin volume after the company reported a 9.5% decrease in net profit for the second quarter ended June 30, 2015 (2QFY15) to RM31.06 million from RM34.3 million in 2QFY14, mainly due to lower contribution from overseas projects and its property development segment.
At 9.10am, WCT lost 3 sen to RM1.15 with 48,700 shares done.
However, WCT’s revenue was 5.2% higher at RM422.31 million against RM401.47 million a year ago.
The group is also proposing an interim single-tier dividend comprising a cash dividend of one sen per ordinary share, and a share dividend via a distribution of treasury shares on the basis of one treasury share for every one hundred ordinary shares held, fractions of treasury shares to be disregarded.
The interim dividend will be payable and credited into the entitled Depositors’ Securities Account on Oct 9, 2015.
For the first half of its financial year ended June 30, 2015 (1HFY15), WCT reported a 13.6% lower net profit at RM64.27 million, and a 10.9% decrease in revenue to RM773.93 million for 1HFY15 attributable to a lower sale of properties.
WCT falls 2.54% after decline in 2Q net profit
KUALA LUMPUR (Aug 21): Shares of WCT Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) fell 2.54% in early trade in thin volume after the company reported a 9.5% decrease in net profit for the second quarter ended June 30, 2015 (2QFY15) to RM31.06 million from RM34.3 million in 2QFY14, mainly due to lower contribution from overseas projects and its property development segment.
At 9.10am, WCT lost 3 sen to RM1.15 with 48,700 shares done.
However, WCT’s revenue was 5.2% higher at RM422.31 million against RM401.47 million a year ago.
The group is also proposing an interim single-tier dividend comprising a cash dividend of one sen per ordinary share, and a share dividend via a distribution of treasury shares on the basis of one treasury share for every one hundred ordinary shares held, fractions of treasury shares to be disregarded.
The interim dividend will be payable and credited into the entitled Depositors’ Securities Account on Oct 9, 2015.
For the first half of its financial year ended June 30, 2015 (1HFY15), WCT reported a 13.6% lower net profit at RM64.27 million, and a 10.9% decrease in revenue to RM773.93 million for 1HFY15 attributable to a lower sale of properties.
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