Malaysia Smelting (SGX:NPW, KLSE:MSC) saw a decline in attributable profit to 18.2 million ringgit in the first quarter, from 35.4 million ringgit for the first quarter.
Earnings stood at 0.043 ringgit per share, down from 0.084 ringgit per share a year prior, according to a Friday Malaysian bourse filing.
The tin concentrates smelting companyâs revenue for the three months ended March 31, however, improved to 362.5 million ringgit from 340.1 million ringgit during the previous corresponding period.
Malaysia Smelting's shares closed 8% lower on Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments