Last 2.73 MYR
Change Today +0.01 / 0.37%
Volume 35.5K
SMELT On Other Exchanges
Symbol
Exchange
Kuala Lumpur
Singapore
As of 3:52 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

malaysia smelting corp bhd (SMELT) Snapshot

Open
2.74
Previous Close
2.72
Day High
2.74
Day Low
2.73
52 Week High
04/18/14 - 3.78
52 Week Low
12/16/14 - 2.50
Market Cap
273.0M
Average Volume 10 Days
17.2K
EPS TTM
0.20
Shares Outstanding
100.0M
EX-Date
05/21/12
P/E TM
13.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for MALAYSIA SMELTING CORP BHD (SMELT)

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malaysia smelting corp bhd (SMELT) Details

Malaysia Smelting Corporation Berhad, together with its subsidiaries produces and sells tin metal and tin based products under MSC brand name in Malaysia. The company’s Tin Smelting segment is involved in the smelting of tin concentrates and tin bearing materials; production of various grades of refined tin metal; and sale and delivery of refined tin metal and by-products. Its Tin Mining segment is engaged in the exploration for and mining of tin. Malaysia Smelting Corporation also engaged in tin warehousing business; holding and renting properties; and providing tin exploration, management, and consulting services. The company was founded in 1887 and is headquartered in Kuala Lumpur, Malaysia. Malaysia Smelting Corporation Berhad is a subsidiary of The Straits Trading Company Limited.

Founded in 1887

malaysia smelting corp bhd (SMELT) Top Compensated Officers

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Executives, Board Directors

malaysia smelting corp bhd (SMELT) Key Developments

Malaysia Smelting Corporation Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2014; Provides Financial Guidance for 2015

Malaysia Smelting Corporation Berhad reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2014. For the quarter, the company reported revenue of MYR 525,444,000, compared to MYR 336,168,000 for the last year. Operating profit was MYR 14,349,000, compared to MYR 39,875,000 for the last year. Profit before taxes from continuing operations was MYR 5,643,000, compared to MYR 53,889,000 for the last year. Net loss attributable to the equity holders of the company was MYR 511,000, compared to profit of MYR 28,939,000 for the last year. Net loss per basic and diluted share was 0.5 sen, compared to EPS of 28.9 sen for the last year. Loss from continuing operations, net of tax was MYR 503,000, compared to profit of MYR 49,386,000 for the last year. Group revenue increased mainly due to higher sales quantity of refined tin in the fourth quarter 2014. The Group recorded a lower profit of MYR 9.84 million before exceptional items compared with a profit of MYR 35.02 million before exceptional items in fourth quarter 2013 from continuing operations mainly due to higher cost pressures leading to a lower profit margin and a negative impact of foreign currency translation. For the year, the company reported revenue of MYR 1,915,179,000, compared to MYR 1,581,980,000 for the last year. Operating profit was MYR 58,333,000, compared to MYR 101,510,000 for the last year. Profit before taxes from continuing operations was MYR 44,992,000, compared to MYR 70,619,000 for the last year. Net loss attributable to the equity holders of the company was MYR 9,865,000, compared to profit of MYR 16,783,000 for the last year. Net loss per basic and diluted share was 9.9 sen, compared to EPS of 16.8 sen for the last year. Profit from continuing operations, net of tax was MYR 22,660,000, compared to MYR 47,819,000 for the last year. Net cash from operating activities was MYR 21,487,000 compared to MYR 57,085,000 a year ago. Purchase of property, plant and equipment was MYR 9,041,000 compared to MYR 6,439,000 a year ago. The Group recorded a lower profit of MYR 49.19 million before exceptional items for the year 2014 compared with a profit of MYR 77.50 million before exceptional items for the year 2013 mainly due to provision for financial guarantee relating to the Company's operations in Indonesia, higher cost pressures leading to a lower profit margin and a negative impact of foreign currency translation. Following the completion of the disposal of the Group's subsidiaries in Indonesia last year, the Group anticipates an improvement in the overall financial results in 2015 with positive contribution from operations of the Butterworth International Smelter and the Rahman Hydraulic Tin mine.

Malaysia Smelting Corporation Announces Change in Boardroom

Malaysia Smelting Corporation Berhad announced Change in Boardroom for Dato' Seri Mohd Ajib Anuar as Non Independent & Non Executive Director with effect from January 1, 2015. Prior to MSC, Dato' Seri Mohd Ajib Anuar spent 23 years in Malaysia Mining Corporation Berhad Group of Companies (now known as MMC Corporation Berhad Group of Companies), serving in various senior positions including as the General Manager of the Finance Department, Director of Business Development and Managing Director of MMC's International Marketing Division. YBhg Dato' Seri ceased to be an Advisor of the Company with effect from 1st January, 2015. He continues to remain a Non-Independent Non-Executive Director of the Company.

Malaysia Smelting Corporation Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Malaysia Smelting Corporation Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. The company posted a pre-tax profit of MYR 9.25 million in its third quarter ended Sept 30, 2014 compared with a pre-tax loss of MYR 13.43 million in the same period last year. Revenue for the quarter rose to MYR 528.92 million from MYR 420.33 million in the same period previously. Profit net of tax attributable to owners of the company was MYR 4.7 million or 4.7 sen per basic and diluted share against loss of MYR 22.3 million or 22.3 sen per basic and diluted share reported last year. Increase in revenue in the quarter was mainly due to higher sales quantity of refined tin and higher average tin prices in the quarter. Profit from operations was MYR 11.7 million against MYR 21.4 million reported last year. Profit before exceptional items was MYR 9.3 million against MYR 8.6 million reported last year. Profit from continuing operations before tax was MYR 9.3 million against loss from continuing operations before tax of MYR 13.4 million reported last year. Group revenue increased to MYR 1.39 billion in the 9 months of the current financial period compared with MYR 1.25 billion in the previous corresponding period from continuing operations mainly due to higher sales quantity of refined tin and higher average tin prices. The Group recorded a lower profit of MYR 39.35 million before exceptional items in nine months of 2014 compared with a profit of MYR 42.47 million before exceptional items in nine months of 2013 mainly due to higher production costs and un-favourable valuation adjustment on tin inventory. Loss net of tax attributable to owners of the company was MYR 9.4 million or 9.4 sen per basic and diluted share against MYR 12.2 million or 12.2 sen per basic and diluted share reported last year. Profit from continuing operations was MYR 23.2 million or 23.1 sen per basic and diluted share against loss from continuing operations of MYR 1.6 million or 1.6 sen per basic and diluted share reported last year. Profit from operations was MYR 44 million against MYR 61.6 million reported last year. Profit before exceptional items was MYR 39.3 million against MYR 42.5 million reported last year. Profit from continuing operations before tax was MYR 39.3 million against MYR 16.7 million reported last year. Net cash used in operating activities was MYR 82.3 million against net cash generated from operating activities of MYR 71.6 million reported last year. Purchase of property, plant and equipment was MYR 6.2 million against MYR 5.6 million reported last year.

 

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