KUALA LUMPUR: WCT Holdings Bhd's net profit surged more than three times to RM58 million in the second quarter ended June 30 2022 (Q2 FY22) from RM16 million in Q2 FY21.
This was on the back of a higher revenue of RM561 million from RM436 million a year ago.
Cumulatively, WCT recorded a higher revenue of RM1.2 billion for the first six months compated to RM880 million registered in the preceding year corresponding period.
The group's profit attributable to equity holders was recorded at RM89 million compared to RM82 million in 2Q FY21.
WCT reported basic earnings per share (EPS) of 6.28 sen compared to basic EPS of 5.81 sen in the preceding year corresponding period.
Datuk Lee Tuck Fook, group managing director, said amid the challenging macro-economic environment, WCT remained steadfast and recorded improved performance.
"In July, WCT Malls entered a tripartite collaboration with Tourism Malaysia and Visa, to boost the country's economic recovery and growth by promoting Malaysia as the most desirable tourist destination.
"A series of #SHOPPINGEXTRAVAGANZA campaigns were launched across WCT retail malls, namely, Paradigm Mall PJ, Paradigm Mall JB, gateway@klia2, and SkyPark Terminal to reward shoppers," he said.
Meanwhile, the group's property development division introduced its latest low-density apartment, Adenia Apartments earlier this month.
Located in the royal town of Klang within the mature township of Bandar Parklands, the new property offers premium amenities at an affordable price of RM375,000 per unit.
"Adenia Apartments will be sought after by homebuyers that seek a convenient lifestyle experience, particularly those urbanites with a high demand for convenience – accessibility, facilities and amenities," he said.
The group's retail malls would continue to organise exciting events, introduce exclusive customer experiences and unique F&B offerings to its customers, added Lee.