Press Metal profit rises three-fold

Koon has said the company would continue to expand its production volume as well as move into more value-added products.

PETALING JAYA: Press Metal Bhd posted a three-fold increase in net profit to RM60mil, or 11.57 sen per share, for its second quarter ended June 30, from RM20mil, or 3.95 sen per share, a year earlier.

It declared a dividend of five sen per share for the quarter, bringing the total dividend for the current financial year so far to 10 sen per share.