WCE Holdings Bhd
, which slipped into a RM34.92mil net loss in the financial year of 2020 (FY20), is not out of the woods yet.
The builder and concessionaire of the 233km West Coast Expressway is likely to face heavy losses ahead as the six remaining sections of the delayed expressway are completed.
This is due to the fact that WCE will no longer be able to capitalise the interest expenses it incurs on the project financing for the completed sections of the expressway that runs from Banting, Selangor to Taiping, Perak.
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