01
Mar
02:13
Atta Global 2Q earnings fall despite rising revenue
Malaysian steel products maker Atta Global’s net profit for the second quarter ended 30 June, 2023, fell 31.02% to MYR 2.18 million ($490,000) from MYR 3.16m a year ago, Kallanish notes.
The decrease was partly contributed by losses made by manufacturing segment due to raw material price volatility. There was also a gain on disposal of a short term investment of MYR1.9m reported in the preceding year.
The group’s revenue for the quarter, however, ro…
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Anonymous
Very good overview of the weekly steel market.
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