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Press Metal posts lower Q2 net profit of RM305.79m

KUALA LUMPUR, Aug 29 Press Metal Aluminium Holdings Bhd (Press Metal) posted a lower net profit of RM305.79 million in the second quarter ended June 30, 2023 (2Q FY2023) from. ....

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Press Metal's Q3 2022 net profit up 11.5pc to RM315.80m

KUALA LUMPUR, Nov 29 Press Metal Aluminium Holdings Bhd’s net profit for the third quarter ended September 30, 2022 (Q3 FY2022) rose 11.5 per cent to RM315.80 million from. ....

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Press Metal net profit up 60.1% to RM409.17mil in 2Q, declares 1.75 sen dividend

KUALA LUMPUR: Press Metal Aluminium Holdings Bhd's net profit for the second quarter of the financial year ended June 30, 2022 (Q2 FY2022) rose 60.1 per cent to RM409.17 million against RM255.58 million in the same quarter last year, bolstered by improved revenue and contribution from associate companies. ....

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Press Metal counts on new smelting plant

Press Metal counts on new smelting plant
Press Metal Aluminium Holdings Bhd is expected to ride on the strong recovery of aluminium prices when its new Phase 3 smelting plant in Samalaju Industrial Park, Bintulu, commence commercial production in two months.
The new smelter will raise the group’s production capacity by 42% to 1.08 million tonnes from 760,000 tonnes per annum.
Press Metal, South-East Asia’s largest integrated aluminium producer, operates aluminium smelting plants in Bintulu and Mukah.
“Our plan to commission the Phase 3 smelter in January 2021 is on track, increasing our capacity by 42% from 760,000 up to 1,080,000 tonnes per annum. This expansion is timely as aluminium price has strengthened by more than 40% over the last few months and we see that the world is looking at further economic recovery in 2021, ” said group chief executive officer Tan Sri Paul Koon (pic) in a statement as the company reported its latest quarterly results. ....

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