29
Nov
02:08
Revenue drives higher Lysaght Galvanized Steel earnings
Malaysian steel products manufacturer Lysaght Galvanized Steel saw its earnings in 3Q rise on higher revenue, Kallanish notes.
The group’s net profit for the quarter grew 16.69% to MYR 2.13 million ($470,000) from MYR 1.83m a year ago.
Its revenue for the quarter also climbed 35.35% to MYR 19.26m from MYR 14.23m a year ago.
Over the nine months, the group’s net profit jumped more than two times to MYR 5.22m from MYR 2.57m a year earlier, while its…
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Anonymous
Very good overview of the weekly steel market.
Anonymous