Bursa Malaysia Stock Watch
Kossan Q3 profit jumps on unit expansion
kltrader
Publish date: Thu, 18 Nov 2010, 10:23 PM
kltrader
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Kossan Rubber Industries Bhd's pre-tax profit for the third quarter ended Sept 30, 2010 jumped to RM38 million from RM21 million in same quarter of 2009.
Revenue increased to RM276 million from RM210 million previously.
In a filing to Bursa Malaysia today, it said the better results were due to the expansion in the gloves division with better product mix and margin.
'The other contributor was the higher selling price in line with the increased in raw materials, it said.
Going forward, Kossan Rubber said, it was cautiously optimistic in the remaining quarter of the financial year, with demand for gloves expected to remain strong. -- Bernama
Revenue increased to RM276 million from RM210 million previously.
In a filing to Bursa Malaysia today, it said the better results were due to the expansion in the gloves division with better product mix and margin.
'The other contributor was the higher selling price in line with the increased in raw materials, it said.
Going forward, Kossan Rubber said, it was cautiously optimistic in the remaining quarter of the financial year, with demand for gloves expected to remain strong. -- Bernama
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