KUALA LUMPUR: The strong demand for gloves due to the Covid-19 pandemic saw Comfort Gloves Bhd posting its highest ever quarterly in the third quarter ended Oct 31,2020.
It reported on Monday its net profit surged by 1,118% to RM90.33mil from RM7.41mil a year ago, powered by higher sales volume, significantly higher average selling price.
Comfort Gloves said better economies of scale that has improved the margin from 6% to 33%.
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