KUALA LUMPUR (Bernama) -- Southern Steel Bhd
registered a net profit of RM47.93 million in the financial year 2021 (FY2021) compared to a net loss of RM467.06 million in FY2020, largely thanks to higher selling prices and cost improvement.
Revenue, however, was lower at RM1.74 billion from RM1.91 billion amid lower sales volume as compared with FY2020, the steel products manufacturer said in a filing with Bursa Malaysia today.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
