Diversifying to remain relevant

The glove manufacturing business is expected to remain very profitable with the earnings before interest, tax, depreciation and amortisation margin remaining at elevated levels, although the peak of 60%-70% may not be repeated.

AT the time of an initial public offering (IPO), a company that comes to market is judged by its business prospects, the dynamics of the sector that it is exposed to, as well as factors that could determine its success or failure.

In today’s competitive business world, some factors are outside the control of a company, which could make a company irrelevant, and this of course are factors like the pandemic situation that we are facing now, technological changes, economic shocks, financial turmoil, or even catastrophic events like an earthquake or tsunami.