“With the group’s expansion plans and new capacity coming on stream as well as continued improvement in operating efficiency, management is confident that FY20 will be a growth year for the group, ” it said in a filing with Bursa Malaysia.
KUALA LUMPUR: Kossan Rubber Industries Bhd
expects higher production and improved operating efficiency to drive growth this year after earnings rose 13% in the financial year ended Dec 31,2019 (FY19).
The glove maker posted a net profit of RM224.8mil, or 17.58 sen a share, on revenue of RM2.22bil.
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