05
Mar
02:25
Masteel slips into the red in fourth quarter
Malaysian steelmaker Malaysia Steel Works (KL) (Masteel) has slipped into the red in the fourth quarter, Kallanish notes.
The firm says in a bourse filing that it recorded a net loss of MYR 1.25 million ($260,000) in the fourth quarter, as compared to a net profit of MYR 1.68m a year earlier.
The firm’s revenue for the quarter, however, rose 17.78% to MYR 525.97m from MYR 446.57m. The increase in revenue was mainly attributed to higher selling prices and sa…
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Anonymous
Very good overview of the weekly steel market.
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