Perstima quarterly profits broadly stable despite lower selling prices

Pre-tax profits at Malaysian steelmaker Perusahaan Sadur Timah Malaysia (Perstima) were broadly unchanged in the October-December quarter of 2016, rising by less than 1% year-on-year, the company said on Wednesday January 25.

Perstima reported a profit before tax of 17.92 million ringgit ($4.04 million) in what is its business third quarter, up 0.28% year-on-year from 17.87 million ringgit ($4.03 million) in the same quarter a year earlier. The company attributed the...


Lorenzo Holt

January 26, 2017

12:39 GMT