Supermax 3Q profit takes a hit due to WRO, lower selling prices

KUALA LUMPUR: Supermax Corporation Bhd’s net profit took a dive to RM13.01 million in the third quarter (Q3) ending March 31, 2022, from RM1.01 billion a year earlier as sales continued to be adversely impacted by the withhold release order (WRO) imposed by the United States coupled with the downtrend in selling prices and demand.

Group revenue fell by 79 per cent, or RM1.53 billion, to RM407.80 million from the previous year’s corresponding quarter, the glove maker said in a filing with Bursa Malaysia today.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Supermax , WRO , gloves , ASPs


Next In Business News

Maybank to increase base rate, BLR
Khazanah will continue to explore new potential investments, collaborations in Turkiye
KLCI tumbles 19.96 points, lowest since May 2020
Macau locks down landmark Lisboa hotel after COVID cases found
Bursa Malaysia onboards Malacca Securities as first Islamic participating organisation
ACE Market-bound UMediC aims to raise RM31.11mil from IPO
Bank Negara raises OPR by 25bps to 2.25%
Oil prices bounce back from Tuesday tumble as supply concerns return
Malaysia awaits rate decision; recession woes hurt Asian currencies
HSS Engineers secures RM16.6mil VO for ECRL supervising works

Others Also Read