Malaysia Smelting Corp. Bhd. (SG:NPW) has released an update.
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Malaysia Smelting Corporation Berhad (MSC) has reported a significant 93.6% increase in net profit to RM18.2 million for the first quarter of FY24, boosted by higher tin prices and favorable foreign exchange gains. Despite a revenue dip to RM362.5 million due to a tin ore shortage affecting smelting operations, both the smelting and mining arms of MSC saw robust profit growth compared to the previous quarter.
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