KUALA LUMPUR: Malaysia Steel Works (KL) Bhd
’s (Masteel) net profit jumped 57.4% to RM13.2mil in the first quarter ended March 31, against RM8.39mil a year prior, buoyed by higher selling prices of its steel products.
Revenue rose 4% to RM457.4mil versus RM439.7mil previously, due to the higher selling price of steel products in line with the rising of global steel prices and recovery of the Malaysian economy.
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