It said earnings were affected by lower contribution from the group’s tin mining and smelting segments, which were impacted by lower average tin prices and the temporary closure of operations due to the containment measures imposed by the government in an effort to curb the spread of the Covid-19.
KUALA LUMPUR: Malaysia Smelting Corp
Bhd (MSC) saw its net profit for the second quarter ended June 30,2020 down by 88% to RM894,000 compared with RM7.48mil a year ago.
Revenue for the quarter under review stood at RM144.65mil against RM289.08mil in the previous corresponding quarter.
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