MSC returns to the black

  • Business Premium
  • Tuesday, 10 May 2011

PETALING JAYA: Malaysia Smelting Corp Bhd (MSC) returned to the black with a net profit of RM28.27mil on revenue of RM737.87mil for the first quarter ended March 31, 2011.

The improvement was attributable to higher operating profits by its tin mining and smelting operations in Malaysia and Indonesia due mainly to higher tin prices. In the corresponding quarter last year, MSC posted a net loss of RM29.13mil on revenue of RM651.18mil.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Oil prices rebound as growing geopolitical tensions fuel supply fears Premium
Gold muted as Fed caution counters Ukraine risks Premium
Leading index rises to 111.3pts in Nov 2021 signalling positive economic recovery Premium
Malaysian banks extend Urus applications to March 31 Premium
Investors flee equities amid fears of Russia-Ukraine conflict Premium
Senheng debuts 15.89% lower at 90 sen/share on Bursa Premium
Ringgit opens marginally higher on mixed signals Premium
Strong dividend outlook on Hap Seng Plantations Premium
Hibiscus completes acquisition of Fortuna international Petroleum Premium
FBM KLCI slumps following wild trading on Wall Street Premium

Others Also Read