22
Nov
02:35
Leform's 3Q losses widen on lower margin
Malaysian steel products manufacturer Leform has seen its net loss widen to MYR 11.09 million ($2.38m) in the third quarter from MYR 3.78m a year ago, due to lower margins, Kallanish notes.
The group says in a bourse filing that the firm faces higher expenses due to higher delivery costs, higher electricity bills, and higher directors fees. The firm also saw higher finance costs in the quarter.
Meanwhile, the group's revenue rose 16.9% to MYR…
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Anonymous
Very good overview of the weekly steel market.
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