NSM expects to become profitable by 2008
Monday, 17 November 2003 16:30:29 (GMT+3)
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NSM expects to become profitable by 2008
Thai hot rolled steelmaker Nakornthai Strip Mill (NSM) expects to pay its debts in the second quarter of 2004.
According to NSM officials, the company is expected to become profitable by 2008.
NSM sold new shares of 1.8 billion, each of which is worth Baht 2.2 to obtain Baht 4 billion. The shares' value was Baht 1.4 before suspension.
The company will use Baht 2.5 billion for machinery renovation and the rest Baht 1.5 billion will be used to develop value added products.
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