Press Metal Q4 net profit falls to RM131.5mil

The group’s revenue for the quarter ended December 31,2019, was also 4.4% lower at RM2.13bil. For the full year, the group’s net profit fell 23.9% to RM471mil, while revenue was down 6.7% to RM8.55bil.

PETALING JAYA: Press Metal Aluminium Holdings Bhd saw its net profit for the fourth quarter dip 9.51% to RM131.5mil on lower metal prices during the period.

The group’s revenue for the quarter ended December 31,2019, was also 4.4% lower at RM2.13bil.