Gross profit for the FY2025 declined 66% y-o-y to RM3.1 million due to softer iron ore prices in the steel industry, which led to a substantial y-o-y decline in average realised selling price (ARSP) for iron ore products.
Southern Alliance Mining (SAM) has reported a bigger loss of RM27.3 million ($8.36 million) for the full year ended July 31.
However, revenue for the full year grew 20% y-o-y to RM199.5 million. The group says that this growth was driven by a new revenue stream from bauxite sales during the financial year.
