Leon Fuat executive director Calvin Ooi Shang How
KUALA LUMPUR: Leon Fuat Bhd
, which posted a net profit of RM14.02mil in the second quarter ended June 30 (2Q), is neutral as to the prospects for the remaining quarters of the year due to the softening of steel prices and the weaker ringgit.
“We have increased monitoring of steel prices and related currencies and continue to take proactive measures including negotiating forward contracts, where necessary, as well as prudent inventory management, to reduce any negative impact which may arise.
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