Update On CSC Steel

I wasn't going to write about CS Steel. Seriously.

Yes, I have written quite a fair number of times on CS Steel earnings and I wasn't really motivated to write about it because nothing much as changed. Yes, it was a flat set of earnings.

My past postings on CS Steel can be found here: CSC Steel

This was my previous posting on it, CSC Steel Earnings And Its Unit Trust Investments

• (ps: Nov 2009, CSC made 39 mil, Feb 2010 CSC made 32 mil, May 2010 CSC only made 30.5 mil. )

Last night CSC announced it made 31.6 million.

Now when you look how much CSC Steel has made since Nov 2009, its earnings have been really flat, yes? 39 -> 32 -> 30.5 -> 31.6

And CSC Steel's unit trust investments?

• · at cost: RM73.1 million;
  · at carrying value: RM76.6 million; and
  · at market value: RM76.6 million.

Current market value 76.6 million. (Isn't this a lot? Mind boggling?)

Nothing much to write home about, yes?

Then I saw the following news clip!

• CSC Steel climbs on profit jump
  
  Published: 2010/08/10
  
  CSC Steel Holdings Bhd, a Malaysian steel product producer, rose to its highest level in more than six weeks after second-quarter profit more than tripled from a year earlier.
  
  The stock climbed 2.3 per cent to RM1.82 at 9:03 am local time in Kuala Lumpur, set for its highest close since June 25. -- Bloomberg
  

Ah... Bloomberg news made the comparison of CSC steel earnings versus CSC's 2009 numbers.

:D