27
Feb
01:16
Southern Steel’s losses narrow on improved margin
Malaysian steelmaker Southern Steel has seen its losses narrow in the second financial quarter ended 31 December, 2023, due to improved margins, Kallanish notes.
The firm says in a bourse filing that its net loss narrowed to MYR 10.88 million ($2.28m) in the quarter from MYR 60.73m a year ago. The improved margin, due to higher selling prices and favourable input costs, has resulted in a lower loss.
The firm’s revenue for the quarter, however, slipped 2.14%…
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Anonymous
Very good overview of the weekly steel market.
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