{"id":2031,"date":"2017-11-24T13:50:40","date_gmt":"2017-11-24T13:50:40","guid":{"rendered":"https:\/\/masteel.investor.net.my\/?p=2031"},"modified":"2018-02-28T13:57:24","modified_gmt":"2018-02-28T13:57:24","slug":"the-star-masteel-profit-sends-shares-up","status":"publish","type":"post","link":"https:\/\/masteel.investor.net.my\/the-star-masteel-profit-sends-shares-up.html","title":{"rendered":"[The Star] Masteel profit sends shares up"},"content":{"rendered":"
KUALA LUMPUR: Shares in Masteel’s\u00a0traded at the top of the gainers\u2019 list on Bursa Malaysia after the company posted over 30-fold rise in third quarter net profit.<\/p>\n
Masteel shares traded 15.5%, or 20 sen higher at RM1.52, its all time high. It is also one of the top traded counter with 24 million shares traded.<\/p>\n
The company\u2019s net profit for the third quarter surged by more than 30 times to RM38.67mil from RM1.24 million a year ago, thanks to higher selling prices of steel bar and increased sales volume.<\/p>\n
Revenue for the third quarter ended Sept 30, 2017 grew 45.7% to RM401.4mil from RM275.4mil a year ago.<\/p>\n
<\/p>\n <\/span><\/p>\n","protected":false},"excerpt":{"rendered":" KUALA LUMPUR: Shares in Masteel’s\u00a0traded at the top of the gainers\u2019 list on Bursa Malaysia after the company posted over 30-fold rise in third quarter net profit. Masteel shares traded 15.5%, or 20 sen higher at RM1.52, its all time high. It is also one of the top traded counter with 24 million shares traded. […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"yoast_head":"\n