18-06-2025
- Business
- New Straits Times
WCT reaffirms commitment to sustainable financial growth across core divisions
KUALA LUMPUR: WCT Holdings Bhd has reaffirmed its commitment to sustainable financial growth across its core divisions.
The company said the engineering and construction division continues to pursue new infrastructure opportunities while improving efficiency, while the property development division is supported by a healthy project pipeline, including upcoming property launches at W City Larkinton in Johor Bahru and WCity OUG, Kuala Lumpur.
"Strong domestic spending and a rebound in tourist arrivals are expected to continue driving growth across the group's retail mall operations, particularly at its airport malls as well as in the hospitality and business aviation segments," it said in a statement released after the company's annual general meeting (AGM) today.
WCT noted that the continued recovery in travel and tourism supported by national initiatives such as Visit Malaysia 2026 positions the group's hospitality and aviation businesses to strengthen their market presence and diversify revenue streams.
The successful listing of Paradigm REIT on June 10, 2025 marks a key milestone in the group's asset monetisation and capital recycling strategy.
WCT group managing director Datuk Lee Tuck Fook said, while global economic uncertainties persist, the company remains cautiously optimistic about its prospects.
"Our diversified business portfolio and strategic initiatives position us well to navigate challenges and capitalise on emerging opportunities in the year ahead," he said.
WCT concluded its 14th AGM today, with all nine resolutions tabled duly passed by its shareholders.
-- BERNAMA
