13
Mar
09:09
Eversendai targets profit after delays hit 2016 revenue
Malaysian headquartered structural steel fabrication group Eversendai Corporation says it will target a return to profit in 2017. The major global steel consumer was hit in 2016 by project delays in the Middle East and Malaysia, Kallanish notes.
Eversendai says it has booked MYR 801.4 million ($180m) of projects for 2017. Of these the Middle East accounts for 37.7%, Southeast Asia 24.7% and India 22.3%. The Middle East is a key region for the company, …
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