New product to boost Karex’s earnings substantially

AmInvest Research said it expects the company’s gross profit margin to grow above 40% by 2027.

PETALING JAYA: Karex Bhd is expected to see growth in net profit between now and 2027 driven by a successful commercialisation of its synthetic condoms.

According to AmInvestment Bank Research (AmInvest Research), the rubber-products manufacturer’s core net profit is expected to grow by a compound annual growth rate of 42.4% on the back of rising revenue from the original-equipment manufacturing (OEM) and original-brand manufacturing (OBM) segments.