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Malaysia Smelting posts 59 6% decline in 4Q profit, proposes seven sen dividend

Malaysia Smelting Corp Bhd (MSC) has posted a 59.6% decline in its net profit to RM25.89 million for the fourth quarter ended Dec 31, 2022 (4QFY2022) from RM64.07 million a year earlier, due mainly to lower average tin price. The average price fell to RM98,100 per tonne compared with RM158,300 in 4QFY2021, the group said in a bourse filing

Market Recap: Top gainers and losers on Bursa in 2022

IT has been another eventful year for Bursa Malaysia, as the nation began transitioning to the endemic phase of Covid-19 on April 1 amid global headwinds such as high inflation, rising interest rates and geopolitical tensions. The local market along with other Asian bourses, with the exception of Singapore’s Straits Times Index is ending the year in negative territory. The FBM KLCI had lost 5.7% year to date (YTD) to 1,478.54 points on Dec 16 compared with the STI’s gain of 3.7%.

Making the trophy

The Edge Malaysia ESG Awards aim to celebrate excellence among Malaysian public-listed companies and asset management firms. Therefore, it is only apt that the trophy embraces the concept of sustainability and celebrates local heritage.

MAHB, Westports, MSM Malaysia, Lagenda Properties, LBS Bina, Pos Malaysia, RCE Capital, Malaysia Smelting, CI Holdings, Taliworks, Sand Nisko, Uzma and MyEG

KUALA LUMPUR (Nov 21): Here is a brief recap of some corporate announcements that made news on Monday (Nov 21): Malaysia Airports Holdings Bhd (MAHB), Westports Holdings Bhd, MSM Malaysia Holdings Bhd, Lagenda Properties Bhd, LBS Bina Group Bhd, Pos Malaysia Bhd, RCE Capital Bhd, Malaysia Smelting Corp Bhd (MSC), CI Holdings Bhd, Taliworks Corp Bhd, Sand Nisko Capital Bhd, Uzma Bhd and MyEG Services Bhd.

Country Heights, Serba Dinamik, E A Technique, Zelan, MSC, LBS Bina, Sunway REIT, Apex Healthcare, Cahya Mata, VSTECS, Caely, Kanger, Encorp, Jentayu, Lion Posim, Signature International, Fiamma, MPHB, Zecon, XOX and Dynaciate

Here is a brief look at some corporate announcements and news flow on Wednesday (May 18) involving Country Heights Holdings Bhd, Serba Dinamik Holdings Bhd, E.A. Technique (M) Bhd, Zelan Bhd, Malaysia Smelting Corp Bhd, LBS Bina Group Bhd, Sunway Real Estate Investment Trust, Apex Healthcare Bhd, Cahya Mata Sarawak Bhd, VSTECS Bhd, Caely Holdings Bhd, Kanger International Bhd, Encorp Bhd, Jentayu Sustainables Bhd, Lion Posim Bhd, Fiamma Holdings Bhd, MPHB Capital Bhd, Zecon Bhd, XOX Bhd and Dynaciate Group Bhd.

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