29
Feb
02:59
Ann Joo returns to the black
Malaysian steelmaker Ann Joo Resources has returned to the black in the fourth quarter. The firm achieved a net profit of MYR 73.94 million ($15.53m) in the fourth quarter as compared to a net loss of MYR 66.16m a year ago, Kallanish notes.
The firm says in a bourse filing that the improvement was due to a gain on the acquisition of a subsidiary. It was also underpinned by lower cost of sales on gradual normalisation of high raw materials costs in the past y…
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Anonymous
Very good overview of the weekly steel market.
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