Press Metal profit jumps 31.4% in 3Q; declares 1.75 sen dividend

Press Metal group chief executive officer Tan Sri Paul Koon Poh Keong

KUALA LUMPUR: Press Metal Aluminium Holdings Bhd’s net profit jumped 31.4% to RM402.3mil in the third quarter ended Sept 30, compared with RM306.1mil achieved a year ago on higher profit contribution from its associated companies.

Revenue for the quarter rose 9.8% to RM3.78bil compared to RM3.44bil in the same quarter of the preceding year, primarily driven by higher aluminium prices.