PETALING JAYA: Comfort Gloves Bhd
made a turnaround in its financial performance for the second quarter ended 30 June 2026 (2QFY26), helped by an improved operating environment and pricing power.
For 2QFY26, Comfort posted revenue of RM90.7mil, a 13% increase from RM80.4mil in 2QFY25, helped by higher sales volumes across both domestic and export markets, alongside improved average selling prices (ASPs).
That helped the glove maker post a gross profit of RM8.2mil, compared to a gross loss of RM32.4mil a year earlier.
In a filing with Bursa Malaysia, Comfort noted the recovery was supported by the absence of large inventory write-offs, stronger operational efficiency, and better fixed-cost absorption from higher production utilisation.
Net profit for the quarter was RM1.3mil, a sharp reversal from the net loss of RM54.8mil in 2QFY25.
On a six‑month basis (6MFY26), revenue stood at RM158.5mil, down from RM187mil in 6MFY25, reflecting softer demand earlier in the year. Despite the lower topline, Comfort Glove narrowed its losses significantly, recording a net loss of RM5.1mil compared to RM65.5mil net loss in the prior year.
The improvement in 6MFY26 was largely due to the elimination of extraordinary charges such as property, plant and equipment write-offs and inventory provisions that had weighed on results in 2025.
Looking ahead, the company remains cautiously optimistic. It expects the operating environment to stay challenging, with global trade disruptions, US tariffs, foreign exchange volatility, and raw material cost fluctuations continuing to pressure margins.
Comfort’s management is focused on enhancing product quality, improving productivity, and optimising costs to strengthen competitiveness.
