Outlook bouncing back up for Kossan Rubber

MIDF Research raised its earning forecast for FY23 from a net loss of RM55.3mil to a core Patanci of RM37.1mil.

PETALING JAYA: The outlook for glove makers is improving, backed by the uptick in orders as buyers replenish their inventory.

For the nine months of the financial year 2023 (9M23), Kossan Rubber Industries Bhd reported a core net loss of RM3.1mil compared with a core profit after tax and non-controlling interests (Patanci) of RM146.3mil in the corresponding period last year.