share_log

Press Metal Q2 Profit Jumps 65% To RM505 Million, Declares Second Dividend

Business Today ·  Aug 29 09:33

Press Metal Aluminium Holdings Berhad announced its second quarter financial results for the three (3) months ended 30 June 2024 with revenue rising 5.2% to RM3.95 billion compared to RM3.76 billion in the same quarter of the preceding year ("2Q FY2023"), primarily driven by higher all-in realised aluminium prices and a stronger US Dollar.

Coupled with lower finance costs and improved performance by the associate companies, the group reecorded a profit after tax and minority interests which increased by 65.4% to RM505.83 million.

In the cumulative first six months of FY2024 ("6M FY2024"), revenue increased by 10.9% to RM7.57 billion, while PATAMI jumped 55.5% to RM913.87 million.

The grooip declared a second interim dividend of 1.75 sen per share payable on 30 September 2024.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment