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Malaysia Smelting Corp. Bhd. ( (SG:NPW) ) just unveiled an announcement.
Malaysia Smelting Corporation Berhad reported a 2.0% year-on-year increase in revenue to RM369.8 million for the first quarter of FY25, driven by higher average tin prices. However, the company’s net profit decreased to RM7.7 million due to a one-off additional tax assessment on its mining subsidiary. The tin mining segment’s profit after tax was impacted by the tax issue, while the tin smelting segment faced challenges from low incoming feed due to geopolitical tensions and export restrictions in key tin-producing countries.
More about Malaysia Smelting Corp. Bhd.
Malaysia Smelting Corporation Berhad (MSC) is a tin miner and metal producer, focusing on the production and smelting of tin. The company operates in the mining and metals industry, with a market focus on tin production and related activities.
Average Trading Volume: 19,925
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$321.3M
For detailed information about NPW stock, go to TipRanks’ Stock Analysis page.