KUALA LUMPUR (Feb 2): Shares of SOUTHERN STEEL BHD [] fell in early trade on Thursday after the company swung into the red with losses of RM5.52 million in the second quarter ended Dec 31, 2011 due to lower margins and foreign exchange translation losses.
At 9.15am, Southern Steel lost seven sen to RM1.98 with 11,000 shares traded.
Its revenue and loss before tax were RM928.84 million and RM6.40 million respectively as compared with the preceding quarter’s revenue and profit before taxation of RM734.0 million and RM17.3 million.
At 9.15am, Southern Steel lost seven sen to RM1.98 with 11,000 shares traded.
Its revenue and loss before tax were RM928.84 million and RM6.40 million respectively as compared with the preceding quarter’s revenue and profit before taxation of RM734.0 million and RM17.3 million.
