Perstima posts RM9.2mil net loss in 1Q24

PETALING JAYA: Perusahaan Sadur Timah Malaysia Bhd (Perstima) says high global inflation and economic slowdown have resulted in lower sales of its tinplates business in Malaysia and Vietnam.

In a filing with Bursa Malaysia, the company noted its revenue for the first quarter ended June 30 (1QFY24) fell 46% year-on-year to RM239.2mil due to lower sales volume coupled with lower selling price.

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Perstima , inflation

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