Kossan Rubber posts higher net profit of RM40.97mil in 3Q on improved cost controls

KUALA LUMPUR: The supply glut in the glove sector, leading to industry consolidation and capacity rationalisation, is expected to continue exerting pressure on the bottomline of Kossan Rubber Industries Bhd.

The glove producer said in a filing with Bursa Malaysia it is anticipating the challenging operating environment to persist over the remainder of 2023.