MSC Celebrates Soaring Profits Amidst Ore Shortage

Malaysia Smelting Corp. Bhd. (SG:NPW) has released an update.

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.

For further insights into SG:NPW stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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