Bursa Alert
Global Market
NewsProfitable Q2 seen for Malaysia Smelting
Page 1 of 1
Profitable Q2 seen for Malaysia Smelting
by hlk Fri 15 Jul 2011, 13:19
HwangDBS Vickers Research expects a profitable second quarter for Malaysia Smelting Corporation (MSC) Bhd, a leading integrated tin mining and smelting group .
"We expect second quarter 2011 to be profitable, led by both higher revenue and a healthy bottom line, given the fact that tin prices averaged around US$28,872 per tonne during the quarter," HWANGDBS said in its research report today.
It said MSC was running at almost full capacity which meant future earnings would be driven mainly by tin prices.
In the first quarter ended March 31, 2011, MSC chalked up a net profit of RM28 million against a net loss of RM29 million recorded in the corresponding first quarter. -- Bernama
"We expect second quarter 2011 to be profitable, led by both higher revenue and a healthy bottom line, given the fact that tin prices averaged around US$28,872 per tonne during the quarter," HWANGDBS said in its research report today.
It said MSC was running at almost full capacity which meant future earnings would be driven mainly by tin prices.
In the first quarter ended March 31, 2011, MSC chalked up a net profit of RM28 million against a net loss of RM29 million recorded in the corresponding first quarter. -- Bernama
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Dec 17th - Companies in the news Malaysia Smelting, WZ Satu, SP Setia, Gamuda, Tadmax, ECM Libra, LFE, Petronas Gas, Dialog, Malaysia Pacific Corp, CA
» KUB Malaysia turns around in 1Q, expects FY13 to be profitable
» Malaysia Smelting posts Q3 profit of RM41.8m
» Malaysia Airlines targets to be profitable by 2014 (3786)
» Hot Stock Malaysia Smelting falls 6% after wider 2Q loss
» KUB Malaysia turns around in 1Q, expects FY13 to be profitable
» Malaysia Smelting posts Q3 profit of RM41.8m
» Malaysia Airlines targets to be profitable by 2014 (3786)
» Hot Stock Malaysia Smelting falls 6% after wider 2Q loss
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum