Kossan counts on higher output, efficiency for growth

“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.