首页 社会正文

欧{ou}博客户“hu”端下载(www.aLLbet8.vip)_Hiap Teck's net profit falls more than half in 3Q

admin 社会 2022-07-02 12 1

欧《ou》博‘bo’客『ke』户『hu』端“duan”下www.aLLbet8.vip)是『shi』欧{ou}博{bo}集〖ji〗团{tuan}的官 guan[方《fang》网{wang}站(zhan)。欧博『bo』官「guan」网「wang」开 kai[放Allbet注{zhu}册(ce)、Allbe代「dai」理、Allbet电《dian》脑 nao[客“ke”户‘hu’端《duan》、Allbet手机「ji」版下“xia”载《zai》等业{ye}务。

,

KUALA LUMPUR: Hiap Teck Venture Bhd saw its net profit for the third quarter ended April 30 (3Q22) contracted 51% to RM32.21mil from RM65.92mil a year before.

It posted a pretax profit of RM41.33mil in 3Q22, down against RM80.16mil last year.

The steel company said the reduction in pretax profit was attributed to a lower share of profit from its joint venture (JV) entity at RM3.319mil in the current quarter as compared to RM19.809mil in last year corresponding quarter and lower profit margin for the group’s downstream operating subsidiaries as a result of higher costs of inventories.

Revenue, however, grew 39% to RM456.95mil as compared to RM329.64mil posted in the same quarter a year ago mainly contributed by both higher sales volumes and average selling prices.

In the first nine months to April 30, Hiap Teck posted a net profit of RM131.54mil, up 28% from RM102.94mil posted last year while revenue expanded 30.5% to RM1.19bil against RM917.1mil previously.

“The group is vigilant of the downward trend of steel prices and will continue to focus on prudent procurement strategies and inventory management to mitigate any potential adverse impact on performance and financial strength.

“Management remains positive on the group’s performance in the coming quarter as the resumption of economic activity gathers momentum and business confidence improved,” Hiap Teck said, adding that at the JV entity level, its second 200,000MT coke oven plant is targeted to fully complete by July 2022.


转 zhuan[载【zai】说《shuo》明《ming》:本《ben》文(wen)转 zhuan[载《zai》自【zi】Sunbet。
版权声明

本文仅代表作者观点,
不代表本站赤峰信息网的立场。
本文系作者授权发表,未经许可,不得转载。

评论

精彩评论
  • 2022-07-02 00:00:21

    广告传媒由最专业权威的媒体人搜集社会热点资讯,推送内容精准可靠,针对用户个性化需求,整合各界热点专题,以新媒体传播的方式挖掘最新最热门资讯,为您提供您感兴趣的新闻与生活内容, 涵盖了时政、财经、社会、教育、情感等全方位多角度的新闻报道分析,同时开拓您的眼界和思路,让您足不出户就能一揽天下。每日一逛

站点信息

  • 文章总数:25401
  • 页面总数:0
  • 分类总数:8
  • 标签总数:4047
  • 评论总数:3244
  • 浏览总数:1416393