CSC Steel posts 31% drop in quarterly profit to RM15.6 million
CSC Steel Holdings Bhd posted a 31% decline in net profit to RM15.6 million for the three months ended March 31, 2026, from RM22.7 million a year earlier.
Source: Csc Steel Holdings Berhad · July 31, 2026 at 10:59 PM · AI-assisted report
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KUALA LUMPUR, 1 AUGUST 2026 —
CSC Steel Holdings Bhd posted a 31% decline in net profit to RM15.6 million for the three months ended March 31, 2026, from RM22.7 million a year earlier.
Market Impact
The steel products manufacturer said revenue fell 15% to RM267.3 million from RM315.7 million in the same period last year. Earnings before interest, tax, depreciation and amortisation slid 21% to RM39.4 million.
The group attributed the weaker performance to lower average selling prices and reduced sales volume. Demand in key markets such as construction and manufacturing remained sluggish amid global economic headwinds.
CSC Steel said it expects trading conditions to stay challenging in the near term. The group is reviewing production schedules and exploring cost efficiencies to mitigate the impact.
Analysts said the results reflect the broader downturn in Malaysia’s steel sector. Bank of America’s Malaysia metals coverage noted that domestic steel producers are facing margin pressure from lower global prices and high input costs.
The group’s cash balance stood at RM112 million as of March 31, 2026, down from RM145 million three months earlier. Trade receivables rose to RM189 million from RM162 million, while inventories climbed to RM221 million from RM198 million.
CSC Steel did not declare a dividend for the quarter, compared with 0.5 sen per share paid a year ago. The board will reassess payouts at its next meeting in August.
The group’s shares closed at 78 sen on Friday, down 3% over the past month. The FTSE Bursa Malaysia Industrial Products Index fell 2% over the same period.