KUALA LUMPUR (Feb 29): Malaysia Steel Works (KL) Bhd posted net losses of RM13.33 million in the fourth quarter ended Dec 31, 2011 compared with net profit of RM8.99 million a year ago.
It said on Wednesday its revenue increased 15.3% to RM336.65 million from RM291.97 million. Loss per share was 6.33 sen compared with earnings per share of 4.35 sen.
For the financial year ended Dec 31, 2011, it was still profitable, with net profit of RM24.53 million, or down 12.6% to RM24.53 million from RM28.09 million in FY10.
Revenue was higher by 24.7% at RM1.253 billion compared with RM1 billion in FY10.
It said on Wednesday its revenue increased 15.3% to RM336.65 million from RM291.97 million. Loss per share was 6.33 sen compared with earnings per share of 4.35 sen.
For the financial year ended Dec 31, 2011, it was still profitable, with net profit of RM24.53 million, or down 12.6% to RM24.53 million from RM28.09 million in FY10.
Revenue was higher by 24.7% at RM1.253 billion compared with RM1 billion in FY10.
