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Nam Lee Pressed Metal posts 2.8% rise in 1H earnings to $5.54 mil

Samantha Chiew
Samantha Chiew5/4/2018 05:30 PM GMT+08  • 1 min read
Nam Lee Pressed Metal posts 2.8% rise in 1H earnings to $5.54 mil
SINGAPORE (May 4): Nam Lee Pressed Metal Industries announced a 2.8% rise in 1H18 earnings to $5.54 million from $5.42 million in 1H17.
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SINGAPORE (May 4): Nam Lee Pressed Metal Industries announced a 2.8% rise in 1H18 earnings to $5.54 million from $5.42 million in 1H17.

Revenue for the six months ended March came in at $85.8 million, 27.6% higher than $67.2 million in the previous year, mainly due to an increase in revenue from the aluminium segment.

Similarly, cost of sales increased 29% y-o-y to $70.3 million, bringing gross profit for the period to $15.5 million, 22.0% higher y-o-y.

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