Kossan expects FY23 to be challenging

KUALA LUMPUR: Kossan Rubber Industries Bhd expects the performance for the current financial year ending Dec 31, 2023 (FY23) to be challenging due to the headwinds affecting the glove sector.

“Beyond the near-term, global glove demand is expected to remain on a growth path as a result of a shift in glove usage due to higher healthcare standards and hygiene awareness in both the medical and non-medical sectors,” Kossan said in a filing with Bursa Malaysia.