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CosmoSteel's Q4 profit plunges 53.3% to $1.16m

Stronger sales boost revenue by 24.4% to $33.6m

COSMOSTEEL Holdings, which supplies piping system components to the energy and marine industries, reported a net profit of $1.16 million for the fourth quarter ended Sept 30, 2013, down 53.3 per cent year on year.

Revenue rose 24.4 per cent to $33.63 million due to stronger sales in both...

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