22
Nov
02:16
Leader Steel 3Q profit improves
Malaysian steel firm Leader Steel has reported slightly higher net profit in the third quarter due to improved margins, Kallanish notes.
The group says in a bourse filing that its net profit for the quarter rose 9.99% to MYR 969,000 ($207,472) from MYR 881,000 a year ago.
Its revenue for the quarter, however, fell 35.6% to MYR 42.68 million from MYR 66.27m a year earlier. The decrease in revenue was mainly due to the drop in sales from the minerals segment.
Fo…
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Anonymous
Very good overview of the weekly steel market.
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