Malaysia Smelting net profit down 56%


In a filing with Bursa Malaysia, the company attributed the drop in profits to foreign exchange differences, higher production cost and operating expenses.

PETALING JAYA: Malaysia Smelting Corp Bhd posted a 55.8% decline in net profit to RM7.65mil for the third quarter ended Sept 30, 2017 from RM17.3mil a year ago.

In a filing with Bursa Malaysia, the company attributed the drop in profits to foreign exchange differences, higher production cost and operating expenses.

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

Ringgit ends marginally lower on firmer US dollar index
MoF: Govt to establish high-level facilitation platform to oversee potential, approved strategic investments
Meta Bright signs RM24mil leasing contract with Australia company
OCR Group to develop RM313mil residential project in Rawang
Fajarbaru wins RM252mil contract from WCT
Axis-REIT disposes of property in Johor for RM162mil
Data centres make up the bulk of RM144.7bil in approved digital investments
Tengku Zafrul: 2,214 EV Charging stations installed, Miti maintains 10,000 target by 2025
FBM KLCI closes at highest in 2 years
Country Garden allowed to postpone first payments on three onshore bonds

Others Also Read