30
Nov
06:09
AYS Ventures net profit plunges in second quarter
Malaysian steel products distributor AYS Ventures has reported lower net profit in the second quarter ended 30 September, 2023, due to lower average selling prices and higher interest expense, Kallanish notes.
The group says in a bourse filing that its net profit for the quarter plunged 63.05% to MYR 2.89 million ($620,000) from MYR 7.83m a year ago.
Its revenue for the quarter, however, rose 23.43% to MYR 374.83m from MYR 303.69m a year earlier.
The higher reve…
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Very good overview of the weekly steel market.
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