PETALING JAYA: Comfort Gloves Bhd
’s net profit soared in the first quarter ended April 30, 2021 to RM219.13mil, 13 times more than the amount it earned in the same quarter last year, thanks to higher sales and a significant jump in average selling price prices (ASPs).
The group also attributed the growth in its bottom line to better economies of scale in its production that has improved its margin from 11% to 40%.
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