04
Jun
03:24
Lion Industries' losses widen in first quarter
Malaysian steel maker Lion Industries has reported higher losses in the first quarter ended 31 March 2024 amid lower revenue, Kallanish notes.
The firm says in a bourse filing that its net loss widened to MYR 38.62 million ($8.21m) in the first quarter from MYR 21.8m a year ago. Its revenue for the quarter also fell 19.48% year-on-year to MYR 413.84m.
The firm's steel division registered lower revenue in the first quarter mainly due to the lower selling…
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Anonymous
Very good overview of the weekly steel market.
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