Malaysia Steel Works Q2 earnings slip on lower margins


KUALA LUMPUR: Integrated steel manufacturer Malaysia Steel Works (KL) Bhd's (Masteel) earnings slipped 0.3% to RM10.10mil in the second quarter ended June 30, 2014 from RM10.13mil mainly due to a lower margin on a higher sales volume.

It said on Thursday its revenue rose 5.2% to RM359.98mil from RM342.26mil a year ago mainly due to higher sales volume. Earnings per share were 4.56 sen compared with 4.66 sen.

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