KUALA LUMPUR: Kossan Rubber Industries Bhd
said its quarterly profits climbed to a new high in the three-month ended June 30, but signalled that falling glove prices would curb growth in the coming quarters.
"As the demand for gloves eases, the average selling price (ASP) will decline on a gradual basis. The Group expects the results for the remaining quarters of 2021 to be satisfactory," Kossan said in a filing today.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
