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More Upside Seen for Press Metal Berhad

9 mins·09:20, 13 Mar 2017
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More Upside Seen for Press Metal Berhad

9 mins
·
09:20, 13 Mar 2017
·

Press Metal Bhd posted core net profit of RM441m, an increase of 60.8% y-o-y, buoyed by higher average selling prices and full-commissioning of its Phase 3 smelter plant. Further earnings upside is seen from a rebound in aluminium prices, anti-dumping tariffs and the weakening Ringgit.

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