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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read