20
Nov
03:52
Eonmetall’s profit tumbles on lower steel products demand
Malaysian steel firm Eonmetall has seen its net profit tumble 97.65% in the third quarter, due to lower steel product demand amid a challenging global market, Kallanish notes.
The firm says in a bourse filing that its net profit for the quarter plunged to MYR 144,000 ($30,855) from MYR 6.12 million a year ago.
The lower profit was mainly attributed to lower steel product demand due to global market conditions, rental and legal expenses incurred, as well as depr…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous