A healthcare worker in personal protective equipment with 'Fight Covid-19' written on his glove. Supermax on Thursday said glove prices have dropped substantially, with spot prices at much lower level compared with contracted prices.
KUALA LUMPUR: Glove maker Supermax Corp Bhd
net profit slipped below RM1bil for the first in three quarters due to falling average selling prices (ASPs).
The company posted a net profit of RM959mil, or 36.9 sen a share on revenue of RM1.86bil in the three-month ended June 30.
For the full year, net profit was RM3.8bil, or RM1.47 sen a share. Supermax has declared a special dividend payout of 15 sen a share, the company said in a filing with Bursa Malaysia today.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
