Leon Fuat posts RM36mil profit as steel prices surge to multi-year highs


KUALA LUMPUR: Leon Fuat Bhd net profit climbed in the March quarter with steel prices showing no sign of "coming off anytime soon" following recent surge to multi-year highs.

The steelmaker posted a net profit of RM36.1mil in the three-month ended March 31 compared with RM1mil made a year ago.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Leon Fuat , steel

   

Next In Business News

Eupe fourth-quarter profit rises 29%
Meta projects higher spending, weaker revenue
Buyout proposal for Anglo American could reshape copper market
A test bed for airline subscription model
Pantech seeks to list steel pipe units
AI memory boom propels SK Hynix’s numbers
Battery stocks’ rally in India likely to extend
Congo accuses Apple of using ‘blood minerals’ from war-torn east
Airlines must now provide automatic refunds for cancelled flights
Boeing CEO upbeat on cash goal, quality review

Others Also Read