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southern steel berhad (5665) Snapshot

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southern steel berhad (5665) Details

Southern Steel Berhad, an investment holding company, manufactures, sells, and trades in steel products in Malaysia, ASEAN countries, and internationally. It offers construction, and cut and bend bars, as well as deformed bar in coil; carbon steel pipes; cut to size, engineered, and standard sheet fabric meshes; fencing panels; sprinkler pipes; concrete wires; PC bars, strands, and wires; painted and electrical conduit pipes; and galvanized pipes. The company also provides cold heading, bolt and nut, carbon, and welding billets; carbon steel pipes; cold rolled furniture pipes; and wire rods, as well as pre-stressed concrete strands and wires. In addition, it rents properties; and provides management services for the supply of labor. The company offers its products for use in agriculture, architecture, automotives, cables support, coach and bus structures, construction, cut and bend bar, electrical cables, fences, fire sprinklers, furniture, fabrication, general, handrails, IBC frames, oil and gas, packaging, playground equipment tubing, poultry equipment tubing, scaffolding, sign posts, structural hollow sections, telecommunication cables, timber logging, and water transmission pipes. Southern Steel Berhad was founded in 1963 and is based in Prai, Malaysia.

Founded in 1963

southern steel berhad (5665) Top Compensated Officers

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Executives, Board Directors

southern steel berhad (5665) Key Developments

Southern Steel Berhad Announces Redesignation of Seow Yoo Lin from Member of Audit Committee to Chairman of Audit Committee

Southern Steel Berhad announced redesignation of Mr. Seow Yoo Lin from Member of Audit Committee to Chairman of Audit Committee, effective from 06 May 2015.

Southern Steel Berhad Announces Unaudited Consolidated Third Quarter and First Nine Months Ended March 31, 2015

Southern Steel Berhad announced unaudited consolidated third quarter and first nine months ended March 31, 2015. For the quarter, the company announced revenue of MYR 675,362,000 compared to MYR 706,089,000 for the same period a year ago. Loss from operation was MYR 24,097,000 compared to profit from operations of MYR 21,992,000 for the same period a year ago. Loss before taxation was MYR 39,148,000 compared to profit before taxation of MYR 10,552,000 for the same period a year ago. Loss for the period was MYR 35,484,000 compared to profit of MYR 7,734,000 for the same period a year ago. Loss attributable to owners of the company was MYR 35,575,000 or 8.5 sen per basic share compared to profit attributable to the owners of the company of MYR 7,471,000 or 1.8 sen per basic share for the same period a year ago. For the first nine months, the company announced revenue of MYR 1,918,949,000 compared to MYR 2,089,820,000 for the same period a year ago. Loss from operation was MYR 73,818,000 compared to profit from operations of MYR 45,459,000 for the same period a year ago. Loss before taxation was MYR 136,348,000 compared to profit before taxation of MYR 10,776,000 for the same period a year ago. Loss for the period was MYR 115,767,000 compared to profit of MYR 6,160,000 for the same period a year ago. Loss attributable to owners of the company was MYR 116,337,000 or 27.7 sen per basic share compared to profit attributable to the owners of the company of MYR 5,559,000 or 1.3 sen per basic share for the same period a year ago. Net cash used in operating activities was MYR 44,237,000 compared to net cash provided by operating activities of MYR 290,703,000 for the same period a year ago. Acquisition of property, plant and equipment was MYR 104,338,000 compared to MYR 380,244,000 for the same period a year ago. The higher losses recorded for the quarter under review and financial year-to-date as compared with the corresponding quarter and period of fiscal 2014 were mainly attributable to erosion of margins due to lower selling prices and a one-off impairment of investment in an associated company of MYR 17.4 million.

Southern Steel Berhad Announces Demise of Independent & Non Executive Chairman of Audit Committee, YM Raja Dato' Seri Abdul Aziz bin Raja Salim

Southern Steel Berhad announced that YM Raja Dato' Seri Abdul Aziz bin Raja Salim, Independent & Non Executive Chairman of Audit Committee demised on March 4, 2015.

 

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