PETALING JAYA: Kossan Rubber Industries Bhd’s strong earnings for the first quarter ended March 31, 2019 (Q1FY19) were ahead of analysts’ expectations, on the back of higher margins.
According to CGS-CIMB, Kossan saw an 18.8% year-on-year (y-o-y) increase in glove sales and increased contribution from its technical rubber products segment, despite the research house’s estimate of a 3% to 5% y-o-y decline in average selling prices during the first quarter of 2019.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!