KUALA LUMPUR: ES Ceramics Technology Bhd
, a maker of hand formers for rubber glove producers, posted improved margins in the third quarter as the industry rapid capacity expansion drives up demand.
Net profit in the three-month ended Feb 28 surged to RM8.46mil from RM653,000 a year ago.
Revenue more than doubled to RM22.6mil from RM9mil previously, ES Ceramics told Bursa Malaysia in a filing today.
The company said its results were driven by higher sales output from the additional production capacity due to strong demand of formers, improved production activities and higher average selling price.
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