Malaysia Steel Works Q3 earnings fall 56% on higher production cost, lower selling prices

By Joseph Chin

KUALA LUMPUR: Malaysia Steel Works (KL) Bhd (Masteel) reported a 56.5% decline in earnings to RM7.04mil for the third quarter ended Sept 30, 2012 from RM16.19mil a year ago.

It said on Friday the earnings were impacted by higher production costs and the weaker selling price in Q3, 2012.

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Malaysia Steel Works (KL) Bhd , earnings , Masteel managing director and CEO Datuk Seri Tai Hean Leng , Business

   

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