Bursa Malaysia Stock Watch
Southern Steel quarterly profit declines
kltrader
Publish date: Tue, 16 Nov 2010, 01:30 PM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Southern Steel Bhd has recorded a pre-tax profit of RM3.45 million for the three-months ended Sept 30, 2010, a significant drop compared with RM40.86 million registered in the previous corresponding period.
However, revenue increased to RM619.23 million from RM561.88 million previously.
In a Bursa filing today, the company said its lower pre-tax profit was due to reduced margins.
For the nine-month period ended Sept 30, 2010, Southern Steel recorded a pre-tax profit of RM102.91 million against a loss of RM54.48 million chalked up in the previous corresponding period.
Revenue increased to RM1.93 billion from RM1.44 billion registered in the last previously.
Demand will pick up when more construction projects are implemented under the Economic Transformation Programme, it said.
The company expects performance to remain satisfactory for the rest of the financial year. -- Bernama
However, revenue increased to RM619.23 million from RM561.88 million previously.
In a Bursa filing today, the company said its lower pre-tax profit was due to reduced margins.
For the nine-month period ended Sept 30, 2010, Southern Steel recorded a pre-tax profit of RM102.91 million against a loss of RM54.48 million chalked up in the previous corresponding period.
Revenue increased to RM1.93 billion from RM1.44 billion registered in the last previously.
Demand will pick up when more construction projects are implemented under the Economic Transformation Programme, it said.
The company expects performance to remain satisfactory for the rest of the financial year. -- Bernama
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
3
save malaysia!
4
5
7
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
