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Press Metal Aluminium Holdings Bhd reported a 1HFY25 core profit of RM949.7 million, meeting market expectations. Increased sales volume in 2QFY25 offset lower average selling prices due to US tariffs, leading to a 12% quarter-on-quarter profit increase. While associate income declined due to lower alumina prices, overall 1HFY25 profit rose slightly year-on-year, driven by stronger sales volume and higher realized selling prices. The impact of US tariffs is expected to be minimal due to low direct sales to the US.
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