Uptrend seen: Karex’s earnings are expected to recover in financial year 2018 as the price war in the tender segment has eased.
PETALING JAYA: Condom and rubber product manufacturer Karex Bhd
is expected to see a rebound in its earnings in the financial year (FY) ended June 30, 2018, after seeing its bottom line contracted in FY17.
According to RHB Research Institute, Karex’s expected earnings recovery in the year ahead would likely be supported by a rebound in the volume from the tender segment and contribution from its original brand manufacturing (OBM) expansion.
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