During the quarter in review, the car distributor registered a net profit of RM32.82mil compared with RM19.43mil in the corresponding period last year. Consequently, its earnings per share jumped to 8.4 sen from 4.97 previously
KUALA LUMPUR: Press Metal
Aluminium Holdings Bhd says a unit is buying an aluminium rod maker for RM96mil, as the group seeks to expand its production capacity.
The company, in a filing with Bursa Malaysia today, said 80% owned Press Metal Bintulu Sdn Bhd has entered into a share purchase agreement with HNG Capital Sdn Bhd to acquire a 100% stake in Leader Universal Aluminium Sdn Bhd (LUA).
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