Choo Bee Metal Q1 net profit soars on surging steel prices  


KUALA LUMPUR: Choo Bee Metal Industries said its net profit in the first quarter swelled as the shortage of raw materials pushed up steel prices higher.

For the three-month ended March 31, the company posted a net profit of RM27.3mil, or 20.9 sen a share compared with RM3.6mil (2.8 sen a share) made a year ago.

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Choo Bee Metal , industrials

   

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