KUALA LUMPUR, April 21 ― Kossan Rubber Industries Bhd's share surged 8.0 per cent in early trade after announcing its best-ever quarterly earnings yesterday.Kossan’s net profit surged to RM1.04 billion in the first quarter ended March 31, 2021 from RM64.8 million in the same quarter last year,
On prospects, Kossan expects the demand for gloves post-pandemic to continue undergoing structural growth as a result of increased healthcare standards and hygiene awareness in both the medical and non-medical sectors. That said, the trajectory of the pandemic is still filled with uncertainties even as countries roll out vaccination programmes.
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