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02 Jul
03:37

Astino’s 3Q profit falls on lower sales, margin

Malaysian steel products maker Astino has reported lower earnings for the third quarter ended 30 April 2024 due to lower sales and profit margins, Kallanish notes. The firm says in a bourse filing that its net profit for the quarter tumbled 36.71% on-year to MYR 8.04 million ($1.7m) from MYR 12.71m. Its revenue for the quarter also fell 13.02% year-on-year to MYR 135.58m. The revenue decrease was due to fewer business days in the current quarter compared to the p…
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