Supermax 3Q profit takes a hit due to WRO, lower selling prices

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KUALA LUMPUR: Supermax Corporation Bhd’s net profit took a dive to RM13.01 million in the third quarter (Q3) ending March 31, 2022, from RM1.01 billion a year earlier as sales continued to be adversely impacted by the withhold release order (WRO) imposed by the United States coupled with the downtrend in selling prices and demand. Read full story