Kossan Rubber reports higher Q3 profit

TheStar Fri, Nov 16, 2018 07:58pm - 5 years View Original


KUALA LUMPUR: Kossan Rubber Industries Bhd 's net profit for the third quarter ended Sept 30, 2018 rose to RM54.1mil from RM45.7mil in the same quarter last year.

Revenue also increased 17.3% to RM573.9mil from RM489.2mil previously, driven by higher revenue from its gloves and technical input rubber products (TRP) divisions, it said in a filing with Bursa Malaysia today.

It said the gloves division's performance was due to continued strong demand for the group's glove products, while the improvement in the TRP segment was attributed to increased sales deliveries and sales of higher margin products.

On prospects, the group said it was confident of achieving an improved performance in the final quarter of 2018, on the back of its expansion plans, the subsequent additional capacity, continued strong demand for gloves, an ongoing transformation programme and improvements in operating efficiency. - Bernama
   

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