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NewsPress Metal posts 3Q loss of RM1.6 million
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Press Metal posts 3Q loss of RM1.6 million
by Cals Tue 19 Nov 2013, 00:06
| Press Metal posts 3Q loss of RM1.6 million |
| Business & Markets 2013 |
| Written by Zatil Husna of theedgemalaysia.com |
| Monday, 18 November 2013 19:23 |
The loss for the quarter under review was against profit of RM136.1 million in the same quarter last year.
However, the group’s loss was on the back of higher revenue of RM794.5 million, compared to RM609.1 million previously.
For the nine months period (9M13), the group’s profit plunged by 75.5% to RM43.6 million from RM178 million in the same period last year.
Revenue climbed to RM2.31 billion for 9M13, from RM1.66 billion previously.
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