29
Aug
16:43
Lion still struggles towards profit after five years
Malaysia’s Lion Diversified Holdings recorded an operating profit in the financial year ended June 2017, following four straight years of losses. The company still reported a net loss however, and its steel arm also remains lossmaking, Kallanish notes.
Lion recorded an operating profit of MYR 30.43 million ($7.13m) over the twelve months to June, but this was helped along by a MYR 55.01m profit at its real estate arm. Its steelmaking division still recorde…
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Anonymous
Very good overview of the weekly steel market.
Anonymous