Tough times at Karex

Local flavour: Azryn Arshad showing Nasi Lemak and Teh Tarik flavored condoms at Karex Industries Sdn Bhd's booth at the 9th International Rubber Glove Conference and Exhibition held at the Kuala Lumpur Convention Centre. AZHAR MAHFOF/The Star filepic

Karex Bhd, the world’s largest condom maker, has seen better times.

Listed in 2013 on Bursa Malaysia with a market cap of RM500mil, the company’s shares performed well and reached RM2.42bil by 2016.