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Wednesday, 24 February 2016

Kossan Rubber Industries 4Q15 Earnings increases 46%

Kossan Rubber Industries reported a 45.5 percent expansion in 4Q15 net benefit to RM55.2 million on the back of a 21.7 percent ascend in turnover to RM439.2 million, supported by higher deals and lower overheads.

For the 12-month period, top and main concerns grew 25.7 percent and 39.6 percent to RM1.6 billion and RM203.3 million separately. The better execution was credited to better item blend and enhanced operational proficiency.

By firm, in spite of a 30 percent development in limit, there are as yet pending requests from clients, which reinforces its aview that interest for gloves is as yet going solid. In this manner, the gathering has arranged a RM450 million development program, which will support yield by no less than 18 billion pieces for each year.

Criticalness: Going forward, Kossan said it expects all its three divisions to develop in FY16, with profit development supported by the parity of 2 billion bits of nitrile glove limit from its two new plants, which initiated creation in July 2015. The organization likewise said its endeavors to enhance efficiency and productivity will open up gainfulness development.

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