“With our selling prices for gloves quoted 45-60 days before delivery, the increase in prices started to be reflected in June 2020 and we will definitely see a significant quarter-on- quarter increase in average selling prices in the third quarter and especially in the fourth quarter of FY2020, ” Kossan said
KUALA LUMPUR: Kossan Rubber Industries Bhd
said expanding production capacity and rising average selling prices will bolster growth this year after the glove maker reported a 135% jump in second quarter earnings.
Net profit in the three-month ended June 30 soared to RM131mil compared with RM55.9mil made a year earlier.
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