05
Jun
02:51
Melewar returns to profit in third quarter
Malaysian steelmaker Melewar Industrial Group has returned to the black in the third quarter ended 31 March, 2024, underpinned by lower unit manufacturing costs from higher volumes, Kallanish notes.
The firm says in a bourse filing that it posted a net profit of MYR 4.64 million ($987,268) in the third quarter, as compared to a net loss of MYR 483,000 a year ago. The firm’s revenue for the quarter soared 75.64% year-on-year to MYR 226.76m.
Despite a decreas…
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Anonymous
Very good overview of the weekly steel market.
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