Press Metal earnings soar on higher output and prices


Strong demand: Press Metal’s plant in Mukah. The company says its smelting operations will continue to run at full capacity for the remaining of the year, with demand continuing to be well supported.

PETALING JAYA: Increased output and higher metal prices boosted Press Metal Aluminium Holdings Bhd’s core business profit by more than a third in the second quarter ended June 30, 2017 (Q2 2017).

The largest integrated aluminium producer in South-East Asia said that excluding the extraordinary gain of RM45.02mil in the same quarter last year, its pre-tax profit showed a year-on-year growth of 35.8% to RM209.37mil.

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

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
Making the Malaysian startup pitch
The pros and cons of earned wage access
Making every load lighter
Batik, chips and tech in the fabric of society
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious

Others Also Read