Headwinds continue to blow for Supermax

KUALA LUMPUR: Supermax Corp Bhd is on an uphill battle to maintain its past earnings performance, as evidenced by a double-digit decline in net profit for the first quarter of its 2022 financial year.

In addition to the falling average selling price (ASP), the glove maker has to contend with a withhold release order (WRO) by the US Customs and Border Protection, which will affect about 20% of sales.