KUALA LUMPUR: Glove maker Supermax Corp Bhd
said its profit margins remained at near record levels in the third quarter ended March 31, but warned that glove prices have started to retreat from recent highs.
"As more new capacity is available in the market, the global glove prices have begun to decrease," Supermax said in a statement today.
"The glove prices have since dropped by between 15% to 25%," it added.
Supermax posted a net profit of RM1bil, or 38.8 sen a share in the three-month ended March 31.
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