KUALA LUMPUR: Press Metal Aluminium Holdings Bhd says it has put in place “control measures” to smooth out wild swing in prices after net profit improved slightly in the first quarter. Earnings rose to RM150mil in the three months ended March 31 from RM148mil made a year earlier. “The company recognises that there will be continuous shifts and reactions in global aluminium markets caused by unsettled development from US sanctions,” Press Metal said in a filing with Bursa Malaysia today. It added that such external shocks have proven the resilience of aluminium prices which could benefit the company. “Looking forward, we are focusing on streamlining our acquisition of Leader Universal Aluminium and expanding our value-added capacity,” it said.

Source: The Star May 17, 2018 10:52 UTC