Press Metal earnings fall


PETALING JAYA: Press Metal Aluminium Holdings Bhd’s net profit for its first quarter ended March 31 fell 24% to RM115.11mil from RM150.48mil in the previous corresponding period, mainly due to the weakening of metal price and prolonged high raw material prices.

Revenue in the first quarter was marginally higher at RM2.17bil from RM2.13bil in the previous corresponding period.

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