Press Metal Aluminium Holdings Berhad announced earnings results for the fourth quarter and full year ended December 31, 2020. Revenue in fourth quarter ended December 31, 2020 increased by 13.7% to MYR 2.12 billion as compared to MYR 1.86 billion in the preceding quarter of third quarter ended September 30, 2020. Accordingly, PBT increased by 20.7% to MYR 208.72 million in fourth quarter ended December 31, 2020 compared to MYR 172.92 million in third quarter ended September 30, 2020. Profit from operations was MYR 225,959,000 compared to MYR 229,020,000 a year ago. Profit for the year was MYR 180,841,000 compared to MYR 169,551,000 a year ago. Basic earnings per share was 3.53 sen compared to 3.33 sen a year ago. On a full year basis, revenue of MYR 7.54 billion for full year of 2020 declined by 14.4% compared to MYR 8.80 billion in full year of 2019. Despite the 14.4% decline in revenue, PBT improved by 3.0% to MYR 650.17 million as compared to MYR 631.22 million for full year of 2019 mainly due to cost savings derived from lower alumina and carbon anode prices. Profit from operations was MYR 780,396,000 compared to MYR 823,427,000 a year ago. Profit for the year was MYR 581,022,000 compared to MYR 581,676,000 a year ago. Basic earnings per share was 11.32 sen compared to 11.79 sen a year ago.