Malaysia’s Lion Group posts lower losses in Q3 despite adverse market conditions

摘要

Despite adverse market situation, in July-September 2014 Malaysia’s Lion Group managed to reduce its losses, but was still unable to gain a profit. The company improved its financial results compared with the same quarter of last year thanks to an increase in sales. Nevertheless, weakening of the global steel market and pressure from cheap imports have made it impossible to attain 100% capacity usage and generate a profit.