Kossan posts RM1.06bil profit in Q2, expects glove prices to cool off

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.