01
Mar
01:42
Leon Fuat returns to the black in Q4
Malaysian steel products maker Leon Fuat has returned to the black in the fourth quarter of 2023 on improved gross profit margin, Kallanish notes.
The firm says in a bourse filing that the firm posted a net profit of MYR 8.05 million ($1.7m) in the quarter, as compared to a net loss of MYR 5.09m a year ago.
The firm’s revenue for the quarter also rose marginally to MYR 240.57m from MYR 238.15m, due to an increase in revenue from trading of steel products.
…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous