Southern Steel falls 3.38% on RM45.59m 1Q net loss
KUALA LUMPUR (Nov 22): Shares in Southern Steel Bhd fell 3.38% this morning after it recorded a net loss of RM45.59 million in 1QFY20, dragged by lower sales volume and selling prices.
At 9.25am, Southern Steel fell 2.5 sen to 71.5 sen, valuing it at RM310.05 million.
Meanwhile, its revenue fell 30% to RM653.74 million from RM929.04 million.
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