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Malaysian Chin Well Announced 50.1% of Increase in Q3 Net Profit
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2014-05-27
Chin Well Holdings Bhd, the largest carbon steel fastener producer in Malaysia, currently announced that the net profit of the 3rd quarter of the financial year (ended March 31, 2014) went up 50.1% over the corresponding period to reach RM 7.1 million (approx. USD 2.21 million) and the revenue increased 13.7% to RM 130.8 million (approx. 40.68 million), mainly resulted from the increasing fastener export to the eurozone. Managing director Tsai of Chin Well expressed a good expectation toward the upcoming future of the company, though the Vietnam-based plant was temporarily halted due to the anti-Chinese riot, but has resumed the operation on May 16 again.
