Press Metal posts Q3 turnaround profit of RM82.6mil


KUALA LUMPUR: Press Metal Bhd recorded earnings of RM82.6mil in the third quarter ended Sept 30, 2014 following losses of RM1.6mil in the corresponding period last year, with revenue jumping 29.5% to RM1.028bil from RM794.5mil.

It said profitability was up due to higher aluminium selling prices and higher production output at its Mukah and Bintulu smelting plants.

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