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Kossan Rubber posts 30% jump in Q4 net profit


In its filing with the stock exchange, the group said the glove division’s revenue rose 25.36% during the period, while profit before tax (PBT) increased 16.72% on the back of continued strong demand for the products, higher average selling prices and higher volume sold.

In its filing with the stock exchange, the group said the glove division’s revenue rose 25.36% during the period, while profit before tax (PBT) increased 16.72% on the back of continued strong demand for the products, higher average selling prices and higher volume sold.

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.

   

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