Press Metal posts record RM1.76bil net profit for FY24

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The Star 4h ago

Press Metal posts record RM1.76bil net profit for FY24 - The Star

Quick Summary:

KUALA LUMPUR: Press Metal Aluminium Holdings Bhd said the impact of the U.S.administration's 25% tariff on aluminium imports remains uncertain, despite an initial rise in aluminium prices.

It posted a net profit of RM1.76bil, up 44.9% from RM1.21bil while revenue climbed 8% to RM14.9bil against RM13.8bil achieved previously.

The company also declared a fourth interim dividend of 1.75 sen per share payable on March 28, bringing the total dividend declared in respect of FY24 to RM576.77mil or approximately 33% of Patami.