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What is CSAP 2QFY25 Earnings & Oil Demand Outlook about?

Crescent Steel & Allied Products Ltd (CSAP) reported a 15% YoY decline in standalone earnings for 2QFY25, with a consolidated loss of Rs317mn due to an impairment charge related to its investment in Altern Energy. The management anticipates improved performance in its engineering segment driven by demand in the oil & gas sector, despite challenges from lower sales volumes and project delays. The company plans to divest its remaining shares in Altern Energy to fund investments and upgrades.

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