07
Dec
03:06
Leader Steel net profit plunges
Malaysian steel manufacturer and trader Leader Steel reported lower earnings in the third quarter due to lower selling prices following the drop in international steel prices.
The group’s net profit plummeted 87.6% on-year to MYR 881,000 ($200,410) in Q3.
Revenue, however, grew 16.82% to MYR 66.27m, due to higher sales generated in the minerals segment, offset by a reduction in sales in the steel segment, Kallanish notes.
Over the nine months through…
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