06
Jun
09:14
Leader Steel earnings remain flat in 1Q
Malaysian steel products maker Leader Steel posted a lower net profit of MYR 2.48 million ($540,000) in the first quarter ended 31 March, 2023, as compared to MYR 2.53m a year ago, Kallanish notes.
The group’s revenue for the quarter also fell 13.53% to MYR 49.96m from MYR 57.77m a year earlier.
The decrease in revenue was mainly due to lower sales generated in the steel segment.
Despite an increase in quantity of product sold, the decline in the segment…
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Anonymous
Very good overview of the weekly steel market.
Anonymous