PETALING JAYA: Kossan Rubber Industries Bhd
’s net profit for the second quarter ended June 30 was lower at RM13.61mil against RM14.03mil from the previous corresponding period mainly due to a slowdown in the technical rubber product division, which registered a negligible loss.
In a filing with Bursa Malaysia, it said revenue for the second quarter was also lower at RM196.8mil compared with RM217.3mil previously due to a reduction in selling price of gloves following lower raw materials costs.
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