CGS-CIMB is forecasting Supermax to achieve a record high 256.2% year-on-year growth in net profit for FY21, driven by better-than-expected margin expansion and economies of scale.
PETALING JAYA: Glove maker Supermax Corp Bhd
is expected to achieve higher earnings for the financial year ending June 30,2021 (FY21) on the back of higher average selling prices (ASPs) and with heightened demand set to continue in the next one to one and a half years, said analysts.
CGS-CIMB is forecasting Supermax to achieve a record high 256.2% year-on-year growth in net profit for FY21, driven by better-than-expected margin expansion and economies of scale.
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