Corporate Governance
Establish a framework that encourages the efficient use of resources, instills confidence among stakeholders, and facilitates long-term organizational success.
JOURNEY
TO INSPIRE
“The Group remains focused on delivering value to our stakeholders through strategic initiatives and operational excellence,
prioritising the completion of the WCE."
WELCOME
WCEHB CORPORATE PROFILE
Incorporated in December 2000 and listed on 17 November 2003, WCE Holdings Berhad is focused on the execution of the West Coast Expressway Project by its 80%-owned subsidiary, West Coast Expressway Sdn Bhd, an IS09001:2015 and IS014001:2015 company. This build-operate-transfer privatisation project involves the development of a 233 km highway from Banting in Selangor to Taiping in Perak.
2024 HIGHLIGHTS
KEY ANNUAL HIGHLIGHTS
The Group recorded a revenue of RM614.7 million for FY2024, an increase of 21% from RM506.8 million in FY2023. This increase was mainly contributed by higher construction activities in the highway concession segment, with the push to complete an additional four sections during the financial year. These are Sections 6 and 11 which are completed and currently operational and Sections 1 and 2 which are expected to be opened in the near term. Additionally, toll revenue has seen a notable increase of 37% from RM44.1 million in FY2023 to RM60.4 million in FY2024. The openings of Sections 6 and 11 during the financial year have significantly amplified the WCE’s daily traffic volume and contributed to higher toll collection for FY2024.
614.7m
Revenue
3.8m
Profit Before Tax
16.2%
Return on Equity
BURSA
ANNOUCEMENTS
GOVERNANCE
&
SUSTAINABILITY
Discover how our commitment to robust governance structures aligns with sustainable practices, ensuring responsible and impactful operations.
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SERVE YOU
BETTER
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