28
May
04:40
Tashin reports lower profit in first quarter
Malaysian steel products manufacturer Tashin has reported lower earnings in the first quarter ended 31 March, 2024, due to lower revenue and higher operating expenses, Kallanish notes.
The firm says in a bourse filing that its net profit fell 26.05% year-on-year to MYR 1.59 million ($338,900) in the first quarter. Its revenue for the quarter also slipped 4.93% y-o-y to MYR 87.74m.
The lower revenue was mainly due to lower average selling prices for st…
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Very good overview of the weekly steel market.
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