Bursa Malaysia Stock Watch
Kossan Q4 profit swells to RM35m
kltrader
Publish date: Thu, 24 Feb 2011, 10:54 AM
kltrader
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Kossan Rubber Industries Bhd's pre-tax profit increased to RM34.91 million in the fourth quarter ended Dec 31, 2010, from RM31.56 million in the same period 2009.
Revenue rose to RM252.97 from RM227.74 million previously.
For the financial year ended Dec 31, 2010, the company''s pre-tax profit increased to RM148.06 million from RM85.82 million in the previous year.
Revenue for the period increased to RM1.047 billion from RM842.13 million previously.
Kossan Rubber in a filing to Bursa Malaysia today said the increase in the pre-tax profit is attributed to the company's expansion in the gloves division with a better product mix and margin.
On prospects, it said demand for gloves remains good for the year, and the management is cautiously optimistic of consistent performance in the 2011 financial year. -- Bernama
Revenue rose to RM252.97 from RM227.74 million previously.
For the financial year ended Dec 31, 2010, the company''s pre-tax profit increased to RM148.06 million from RM85.82 million in the previous year.
Revenue for the period increased to RM1.047 billion from RM842.13 million previously.
Kossan Rubber in a filing to Bursa Malaysia today said the increase in the pre-tax profit is attributed to the company's expansion in the gloves division with a better product mix and margin.
On prospects, it said demand for gloves remains good for the year, and the management is cautiously optimistic of consistent performance in the 2011 financial year. -- Bernama
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