Press Metal likely to record higher FY25 earnings

HLIB Research said it expects the ringgit’s strength to taper Press Metal’s 2H24 earnings.

PETALING JAYA: Press Metal Aluminium Holdings Bhd is expected to face challenges in the second half of the year (2H24) before charting commendable earnings growth in the financial year 2025 (FY25).

The appreciation of the ringgit against the US dollar and higher alumina costs is anticipated to further put pressure on the aluminium producer’s smelting margins in 2H24.