Record net profit for Comfort Gloves

Comfort Gloves said its machine lines can produce both latex and nitrile gloves, regardless of specialty or medical gloves.

KUALA LUMPUR: Comfort Gloves Bhd posted its highest ever quarterly net profit of RM219.13mil in the first quarter ended April 30, 2021 due to higher sales volume with significant higher average selling price and better economies of scale.

In its statement on Monday, it said the earnings surged 1, 241% from RM16.34mil a year ago as these factors helped its margin improve from 11% to 40%.