PETALING JAYA: Johan Holdings Bhd
expects the operating environment in the glove industry to remain challenging.
In a filing with Bursa Malaysia, the company said it will continue to manage its cost across its operations.
For the first quarter ended Oct 31, 2023, Johan Holdings reported a lower net loss of RM3.45mil, compared with a net loss of RM4.77mil in the previous corresponding period
Revenue rose to RM6.82mil from RM3.64mil a year earlier.
It reported a basic loss per share of 0.30 sen, compared with a loss per share of 0.41 sen a year earlier.
Johan Holdings is involved in the manufacture, sale and distribution of gloves, property development, resorts as well as hotels.
Going forward, the company said it expects the local tourism industry to continue showing signs of recovery.
“The Perak state government has designated 2024 as ‘Visit Perak Year’ with programmes being lined up to bring in more tourists,” it added.
