Southern Alliance Mining

Southern Alliance Mining sinks into the red with H1 loss of RM7 million

MALAYSIAN iron-ore producer Southern Alliance Mining has sunk into the red with a net loss of RM7 million (S$2.1 million) for its financial first half ended Jan 31.

The Malaysia-based iron ore producer attributed the losses for H1 FY2023 to a decrease in iron ore production.

Southern Alliance Mining expects H1 net loss on lower iron ore production

SOUTHERN Alliance Mining (SAM) is expected to report a net loss for the six months ended Jan 31, the Malaysian-based iron ore producer said in a profit guidance issued on Friday (Mar 10).

Southern Alliance Mining's H2 net profit jumps 257 per cent to RM96.7m

Southern Alliance Mining's H2 net profit jumps 257 per cent to RM96.7m

SOUTHERN Alliance Mining (SAM), a Malaysian iron-ore producer, posted a 257 per cent jump in net profit to RM96.7 million (S$31.2 million) for the half-year ended July 31 this year, up from RM27.1 mil...

Iron ore rush turns two SGX plays red hot

Iron ore rush turns two SGX plays red hot

Shares of Fortress Minerals, Southern Alliance Mining have jumped 25% and 61%, respectively, this year

Southern Alliance Mining full-year profit tumbles 30% to RM62.1m on tax expenses

Southern Alliance Mining full-year profit tumbles 30% to RM62.1m on tax expenses

But revenue rises 34% to RM254.2m, driven by increase in sales volume, higher selling prices

Southern Alliance Mining full-year profit tumbles 30% on tax expenses

Southern Alliance Mining full-year profit tumbles 30% on tax expenses

HIGHER taxes took a toll on the full-year showing of Southern Alliance Mining (SAM), in the iron-ore producer's first set of results since its inital public offering (IPO) in June this year.

Southern Alliance Mining ends 8% up on trading debut

Southern Alliance Mining ends 8% up on trading debut

MALAYSIA-BASED iron-ore producer Southern Alliance Mining (SAM) on Friday ended its first day of trading on the Catalist board at S$0.27, 8 per cent above its initial public offering (IPO) price of S$...

Southern Alliance Mining achieves 8% premium on trading debut

Southern Alliance Mining achieves 8% premium on trading debut

MALAYSIA-BASED iron-ore producer Southern Alliance Mining (SAM) on Friday ended its first day of trading on the Catalist board at S$0.27, 8.0 per cent above its its initial public offering (IPO) price...

Southern Alliance Mining makes Catalist debut at 4% above IPO price

Southern Alliance Mining makes Catalist debut at 4% above IPO price

MALAYSIA-BASED iron ore producer Southern Alliance Mining (SAM) debuted on the Singapore Exchange's (SGX) Catalist board on Friday at S$0.26, up S$0.01 or 4 per cent from its S$0.25 initial public off...