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.
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