Eight-fold high for Kossan

“The gloves division’s revenue increased by 236.95% to RM2.12bil in Q2’21 from RM630.57mil in 2Q20 due to the higher ASP and higher demand in gloves products."

PETALING JAYA: Kossan Rubber Industries Bhd’s latest quarterly net profit surged by more than eight-fold, boosted mainly by stronger demand for its gloves and a higher glove average selling price (ASP).The glovemaker announced a second interim dividend of 12 sen per share.

Kossan said its net profit for the second quarter ended June 30, 2021 (Q2’21) increased to RM1.06bil from RM131.06mil in the same quarter last year.