31
May
04:09
CSC Steel's profit drops on lower revenue
CSC Steel, the Malaysian steel subsidiary of Taiwan's China Steel Corporation, has reported lower earnings in the first quarter ended 31 March, 2024, amid lower revenue, Kallanish notes.
The firm says in a bourse filing that its net profit dropped 44.52% to MYR 8.73 million ($1.86m) in the first quarter, from MYR 15.74m a year ago. The firm's revenue also slipped 1.93% year-on-year to MYR 397.43m. The decline is primarily attributed to reduced s…
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Anonymous
Very good overview of the weekly steel market.
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