Hi plough, yes that is what it says in the story. Datuk knows already that OM Sarawak is in the black, but since the company he heads owns the 25% of the ferro alloy plant he's not in a position to say more than he did.
However he did also state
"OM Sarawak was in the red last year primarily due to a substantial loss on the discontinuation of its foreign currency hedge"
Ann: OM Sarawak Sdn Bhd Ferroalloys Production Update, page-10
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