19
Nov
00:00
Pakistan tinplate mill seeks diversification after domestic instability hits Q3 results
Pakistani tinplate producer Siddiqsons Tinplate (STL) is exploring diversification opportunities to improve its performance. This comes after the firm registered 30.6% year-on-year less revenue and sank into a loss in the quarter through September.
Sales revenue for the quarter totalled PKR 415.73 million ($4.1m), while loss after tax was PKR 16m compared to a profit of PKR 9.52m in the year-earlier period. Margins were affected by “availability of che…
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Anonymous
Very good overview of the weekly steel market.
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