Flexi return to profit, this is the beginning of a rebound in the glove manufacturing sector
Revenue surged from RM4.75 million in Q1 FY2024 to RM7.76 million in Q2 FY2024, while PBT experienced a remarkable 501.32% increase, rising from RM0.15 million to RM0.91 million.
The venture into gamma sterilisation services in partnership with Gammatech opens up new opportunities in sectors such as pharmaceuticals, food processing and packaging, according to managing director Mr Tan
For the first half of 2024, the rubber glove industry trade has surged to RM6.8 billion, up from RM5.8 billion in the same period in 2023. Glove prospect are growing, look out for Flexi Q3 + Q4 result
Flexi also will offer gamma sterilization services through Gammatech. This project is currently in the planning stages and an announcement will be made soon once operations commence
Most glove alrdy rocket today, next counter to go up outside of gloves counter are their proxy, FLEXI - one of the main supplier of glove manufacturing line
Flexi revenue surged from RM4.75 million in Q1 FY2024 to RM7.76 million in Q2 FY2024, while PBT experienced a remarkable 501.32% increase, rising from RM0.15 million to RM0.91 million.
Steady demand from glove manufacturers for new or replacement machines should provide a steady revenue stream for Flexidynamic. Next quarter's results will be good
The global demand for rubber gloves remains strong due to consistent healthcare needs, hygiene practices, and industrial applications. Good outlook for Flexi 👍
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As we anticipated, this second quarter of Flexi marks a significant period of recovery as the glove industry shows early signs of resurgence