Latest news with #WCE
Yahoo
7 days ago
- Business
- Yahoo
Long-term Commitment to Treating Endometriosis and Improving Women's Quality of Life - Gedeon Richter at the World Congress on Endometriosis
SYDNEY, May 28, 2025 /PRNewswire/ -- Gedeon Richter had a strong presence at the World Congress of Endometriosis held this year in Sydney, Australia between 21-24 May 2025. As a Platinum Sponsor Gedeon Richter could reaffirm its innovation driven and long-term commitment in the field of endometriosis and in women's health. The company hosted a highly successful symposium titled Delving into Endometriosis Pain Management: From Adolescence to Family Planning, chaired by Prof. Neil Johnson. The session featured Prof. Rebecca Deans (Australia) on the early management of endometriosis in adolescence, Prof. Jason Abbott (Australia) on pain control and quality of life in adulthood, and Prof. Juan García-Velasco (Spain) on fertility challenges and family planning. This comprehensive agenda reflects Gedeon Richter's focus on two closely linked areas, endometriosis and infertility, and its dedication to supporting women. Besides the expert-led scientific symposium, Gedeon Richter's booth showcased the medical options offered for the management of endometriosis in the exhibition area as well. Being Platinum Sponsors of WCE enabled us to show our dedication to endometriosis care with holistic, patient-centric mindset addressing both physical and emotional dimensions of women's health. Endometriosis is a chronic, painful condition affecting over 190 million women worldwide, with an ever-increasing prevalence rate. It occurs when tissue similar to the lining of the uterus grows outside the uterine cavity, leading to inflammation, scarring, and significant pain. Beyond physical discomfort, endometriosis can seriously impact fertility and overall quality of life, requiring effective medical treatment. Gedeon Richter markets the first and only globally available Relugolix combination therapy, for the treatment of moderate to severe symptoms of uterine fibroids and symptomatic endometriosis. This GnRH antagonist combines multiple active ingredients to effectively target the disease mechanism, offering symptom relief in a once-daily oral therapy. Its convenience, safety and proven efficacy allows women to manage their conditions without resorting to surgery. "As one of Europe's leading pharmaceutical companies in the women's healthcare segment, Gedeon Richter is committed to providing modern and progressive solutions on a global scale. We believe that the continuous development of therapeutic options, such as our innovative medicine for endometriosis and our fertility products, will enable millions of women around the world to improve their quality of life," said Dr. Peter Turek, Global Head of Gedeon Richter's Women's Healthcare Business Unit. View original content: SOURCE Gedeon Richter Plc.
The Star
27-05-2025
- Business
- The Star
Higher toll collections lift WCE's 4Q25 revenue
The concession segment saw toll collection revenue surge 107% year-on-year. PETALING JAYA: WCE Holdings Bhd , the operator of the 233km West Coast Expressway, expects to move closer to profitability as more sections of the expressway open, boosting toll revenue and easing the impact of financing costs. The group said its outlook is supported by the continued ramp-up in sectional toll revenue and the scheduled opening of the remaining three sections: Section 3 (Shah Alam Expressway-Federal Highway Route 2), Section 4 (Federal Highway Route 2-New North South Klang Straits Bypass) and Section 7 (Assam Jawa-Tanjung Karang) 'As the full alignment becomes operational, the group anticipates a transition toward sustained profitability,' WCE said in a filing with Bursa Malaysia. WCE's revenue surged in its fourth quarter ended March 31 (4Q25), driven by higher construction activity and rising toll collection from newly opened sections of the West Coast Expressway. However, interest costs kept the group in the red. For 4Q25, WCE's topline surged nearly 250% to RM318.13mil, compared with RM91.57mil in the corresponding quarter a year ago. Despite the stronger revenue, the group remained in the red, although its net loss narrowed significantly to RM13.64mil from RM60.76mil in 4Q24. WCE attributed the continued losses mainly to interest costs related to completed sections, which amounted to RM54.8mil in 4Q25 compared with RM43.8mil in 4Q24. For its full financial year 2025 (FY25), the group's revenue rose 2.3% to RM629.1mil from RM614.7mil in FY24. However, the group's net loss widened slightly to RM138.64mil, compared with RM133.74mil in the previous financial year. Still, WCE recorded earnings before interest, taxes, depreciation and amortisation of RM98.2mil in FY25, indicating the group is profitable at an operating level. The concession segment saw toll collection revenue surge 107% year-on-year (y-o-y), driven by increased traffic following the opening of three key sections. However, overall concession revenue fell 18%, due to the recognition of lower construction revenue following project completion. In 4Q25 alone, concession revenue rose 144% y-o-y, driven by higher construction activity for rest and service areas along the expressway and higher toll collections. The West Coast Expressway runs from Banting, Selangor to Taiping, Perak, under a build-operate-transfer concession of up to 60 years from Dec 20, 2013. As at March 31, eight of 11 sections of the expressway were operational, covering 180km. Meanwhile, the construction segment, undertaken by WCE Maju Sdn Bhd, saw FY25 revenue soar 431%, supported by intensified project execution. Key ongoing work includes an access road to a mixed development in Kota Seri Langat in Selangor, construction of Section 7B, and 10 rest areas. The construction segment posted a pre-tax profit of RM3.7mil, reversing a loss of RM4.1mil in FY24. 'Looking ahead, the continued ramp-up in sectional toll revenue is expected to further improve the group's financial performance in terms of cash flows and operating results,' WCE said. 'In the long term, as the full WCE alignment becomes operational, revenue growth is anticipated to outpace financing costs, supporting a transition to sustained profitability.'
Mercury
22-05-2025
- Business
- Mercury
Long Shortz: West Coast Silver
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Tylah Tully chats with West Coast Silver (ASX:WCE) executive director Bruce Garlick about the company's rebranding. With a renewed focus on silver, namely through West Coast Silver's recent acquisition of the Elizabeth Hill project in WA, the company is charging ahead with a new strategic focus. Given the current appetite and growing silver price, WCE believes this is the perfect time to be hunting for silver in the West. This video was developed in collaboration with West Coast Silver, a Stockhead client at the time of publishing. The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions. Originally published as Long Shortz with West Coast Silver: WCE unveils fresh rebrand as silver-focused explorer
New Straits Times
16-05-2025
- Business
- New Straits Times
LBS Bina, Oriental Holdings sign RM7bil MOU for industrial project in Melaka
KUALA LUMPUR: LBS Bina Group Bhd has entered into a Memorandum of Understanding (MOU) with Oriental Holdings Bhd (OHB) to jointly develop an integrated mixed-use industrial project in Klebang, Melaka, with an estimated gross development value (GDV) exceeding RM7 billion. The landmark development will comprise primarily industrial and commercial components, strategically located within the Straits of Melaka Waterfront Economic Zone (SM-WEZ). Klebang was chosen for its advantageous coastal location, expanding infrastructure, and alignment with Melaka's long-term economic transformation goals. The MOU was signed by LBS executive director Datuk Sri Daniel Lim and OHB group executive chairman Datuk Loh Kian Chong in the presence of Melaka Chief Minister Datuk Seri Utama Ab Rauf Yusoh. The Chief Minister's attendance highlights the state government's strong support and underscores the project's pivotal role in driving economic growth and urban development in Melaka. LBS Bina group executive chairman, Tan Sri Dr. Lim Hock San, hailed the agreement as a key milestone in the group's expansion into Malaysia's southern region. "In partnership with OHB, we are excited to shape Klebang into a vibrant, sustainable township. By combining our expertise and shared vision, we aim to deliver lasting value, both in building sustainable developments and uplifting Melaka's economic and social landscape. We look forward to a strong, long-term partnership built on shared goals and mutual success," Lim said. The primary focus of this mixed-use industrial development is to cater to small and medium-sized enterprises (SMEs) in sectors such as oil and gas production, manufacturing, food and beverage supply chains, and warehousing. Furthermore, given the development's frontage along a main access road, the industrial units offer commercial value, as they can also function as retail showroom warehouses. Additionally, Melaka ranks sixth among Malaysian states in terms of industrial property transactions. Notably, the demand for vacant plots and semi-detached industrial units has recorded double-digit growth, driven by both investors and owner-occupiers. Covering approximately 561 acres, the development will be implemented in four phases. LBS Bina stated that detailed land demarcations and development plans will be finalised in forthcoming Definitive Agreements, to be mutually agreed upon by both parties. Enhancing the project's connectivity and long-term potential is the upcoming West Coast Expressway (WCE), which will stretch from Banting, Selangor, to Gelang Patah, Johor. Once completed, the highway is expected to relieve traffic on the North-South Expressway and serve as a catalyst for growth in key coastal towns including Klang, Port Dickson, Melaka, Muar, and Batu Pahat. Corporate Jan 27, 2025 @ 12:55am LBS Bina unveils three-year roadmap to reach new milestones Property Apr 28, 2025 @ 3:41am LBS Bina's 'Makan Angin Lokal' campaign achieves RM537mil in bookings Corporate Feb 20, 2025 @ 9:39pm LBS Bina posts 11-year high PATMI of RM240.2mil Property Jan 16, 2025 @ 5:16am LBS Bina marks Merdeka Campaign success with RM30,000 cash prizes for eight winners
Malay Mail
28-04-2025
- Business
- Malay Mail
The 300-metre dispute: WCE says court decision in favour of govt's right to land takeover delaying highway completion
SHAH ALAM, April 28 — A piece of disputed land of about 300 metres in Seksyen 3 near Taman Sentosa, Klang, near here has been taken over by the government, West Coast Expressway Sdn Bhd (WCE) said. The company said that an interim stay order filed by the affected landowner as part of their efforts to postpone the takeover although they have been compensated as part of the takeover process in Sept 2023, was recently rejected by the court. 'In August 2024, the landowner filed an interim stay order to delay the vacating of property and in April 2025 the court rejected the order and confirmed the government's right to carry out the takeover,' the company said, adding that a K Form had been issued to begin the vacating of property legally in November 2023. The land has yet to be vacated till now, WCE said, causing the connection between Section 2 and 4 of the expressway to be delayed. 'As such, WCE is now working closely with the authorities to ensure that the vacating can be carried out. WCE would like to stress that it has full legal right to conduct the vacating of property as instructed by the court,' it said. It reiterated its commitment to resolving the issue based on legal provisions and would continue to complete the section of the expressway as soon as possible after the law enforcement process is done. — Bernama
