Kossan Rubber posts 30% jump in Q4 net profit

Glove power: Shares of rubber glove manufacturers have been on an uptrend since the beginning of the year on the back of a continuous strong US$.

PETALING JAYA: Net profit for the fourth quarter rose 29.6% for Kossan Rubber Industries Bhd to RM59.5mil, on the back of improved performance in all three of the group’s divisions.

For the three-month period ended Dec 31, the group saw revenue rising 23.36% to RM589.4mil from a year ago, also due to improved performance in the glove, technical rubber products (TRPs) and cleanroom divisions.