Malaysia Smelting Corp's 3Q net profit jumps on one-off provision, but revenue down by a third

Malaysia Smelting Corp's 3Q net profit jumps on one-off provision, but revenue down by a third

The Edge Markets - Malaysia·2019-11-11 18:11

KUALA LUMPUR (Nov 11): Malaysia Smelting Corp Bhd's (MSC) third quarter net profit nearly tripled to RM30.55 million or 7.6 sen per share, from RM11.66 million or 2.6 sen per share a year earlier, thanks to a one-off provision writeback of RM48.4 million for tribute payments no longer required.

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