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MSM International Swings to Profit in April-September Period

MT Newswires ·  11/13/2021 01:03

12:02 AM EST, 11/12/2021 (MT Newswires) -- Metal engineering company MSM International (SGX:5QR) booked a net profit attributable to equity holders of 799,000 ringgit ($191,699) in the six months ended Sept. 30, compared with a net loss attributable of 3.6 million ringgit a year ago.

Earnings per share came in at 0.0076 ringgit, against a loss per share of 0.0343 ringgit in the year-ago period, according to a Thursday filing.

Revenue for the fiscal half year increased 14.6% year over year to 30.1 million ringgit from 26.3 million ringgit, mainly due to higher demand from customers of the company's Original Equipment Manufacturer, or OEM, segment.

Price (SGD): S$0.05, Change: S$0.00, Percent Change: 0.00%

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