Over the recent quarter, the rubber glove industry has weathered the worst, given the sharp deterioration in operational earnings per glove.
PETALING JAYA: The gas tariff hike of 5.3% is expected to only minimally impact glove manufacturers’ earnings in the third quarter, said CGS-CIMB.
The additional cost from the tariff hikes is expected to be manageable, as gas makes up only 8% to 10% of the total cost for glove makers.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
