CSC Steel has RM220.89mil in cash and cash equivalents at end 3Q 2019 of which cash & bank balances accounted for RM20.57mil; deposits in the licensed banks RM42.99mil while the bulk of RM157.32 was in unit trust funds.
KUALA LUMPUR: CSC Steel Holdings Bhd
's net profit for the third quarter ended Sept 30,2019 surged by 253% to RM10.53mil from RM2.98mil a year ago, underpinned by improved margins, higher sales and lower production costs.
It reported on Friday its revenue increased by 5% to RM353.67mil from RM336.59mil. Its profit before tax rose by 240% to RM12.78mil from RM3.76mil. Earnings per share were 2.85 sen compared with 0.81 sen.
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