<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 13): Malaysia Smelting Corp Bhd (MSC) fell 6.11% this morning after it announced a 73% year-on-year drop in net profit for its second quarter ended June 30, 2018 (2QFY18) to RM2.46 million from RM9.02 million, as its tin smelting operations continues to be impacted by inefficiencies at its aged plant in Butterworth, Penang.</div>

<div class=newsTextDataWrapInner>At 9.19am, MSC fell 5.5 sen to 84.5 sen with 96,500 shares traded.</div>

<div class=newsTextDataWrapInner>Quarterly revenue was up 6% to RM326.82 million from RM307.88 million a year ago, due to higher quantity of refined tin sold.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>For the first half of the year (1HFY18), net profit fell 68% y-o-y to RM7.04 million from RM21.64 million. Cumulative revenue contracted 4% to RM683.77 million from RM714.49 million on lower average tin prices in ringgit terms.</div>

KUALA LUMPUR (Aug 13): Malaysia Smelting Corp Bhd (MSC) fell 6.11% this morning after it announced a 73% year-on-year drop in net profit for its second quarter ended June 30, 2018 (2QFY18) to RM2.46 million from RM9.02 million, as its tin smelting operations continues to be impacted by inefficien...

Malaysia Smelting Corp falls 6.11% after sharp drop in 2Q earnings 

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