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Cosmosteel FY15 Earnings Plunge Amid Lacklustre Demand
Daily Bulletin | 19 November 2015
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Cosmosteel Holdings reported net loss of $0.9 million for FY15, a massive plunge from the net profit of $5.5 million last year, as well as a 30.3 percent decline in revenue received from a lacklustre global economy.

Revenue decreased to $109.9 million (FY14: $157.6 million) from reductions in contributions from both customers in the Energy and Marine Sector. An increase in cost of sales due to additional services such as logistics handling provided to customers also resulted in gross profit margin decreasing 2.1 percentage points to 18.0 percent.

CosmoSteel Hldgs  0.079 -0.001 -1.25%   
Business: Co is a supplier & distributor of piping system components. [FY17 Turnover] Energy (74.8%), trading (16.6%), marine (7.3%), others (1.3%).

Insight: Aug-18, 9M18 revenue increased by 23.1% as revenue... Read More

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