,Group managing director Datuk Lee Tuck Fook said the expected recovery of the gross domestic product following the increase from 4.3% in January to 5.4% in March would further contribute to the group’s growth.tg群（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
KUALA LUMPUR: WCT Holdings Bhd is cautiously optimistic about the current economic outlook now that the country has transitioned into the endemic phase.
In a statement, the engineering and construction group said the gradual normalisation of economic and social activities would augur well for the group’s businesses.
Group managing director Datuk Lee Tuck Fook said the expected recovery of the gross domestic product following the increase from 4.3% in January to 5.4% in March would further contribute to the group’s growth.
“The recovery will enhance WCT group’s revenue, in light with the resumption of global and domestic economic activity, opening of the international borders, normalisation of labour market conditions, increase in consumer spending, and continuation of large infrastructure projects,” he said in the statement.
WCT building logo
In the financial year ended Dec 31, 2021 (FY21), WCT posted a net profit of RM97.29mil on revenue of RM1.75bil.
WCT noted that in 2021, its engineering and construction division secured RM1.48bil worth of new contracts despite the competitive landscape and challenging market conditions.
Meanwhile, all resolutions tabled at its AGM on Wednesday were passed, including the final single-tier cash dividend of 0.5 sen per ordinary share for FY21.