Supermax posts record quarterly profit of RM399.6m

Supermax Corp Bhd’s net profit for its fourth quarter ended June 30 surged more than 26-fold to RM399.62 million from RM15.06 million a year ago, its best-ever quarterly financial performance since its incorporation, mainly due to an exponential rise in demand for medical gloves and other personal protective equipment on the back of the Covid-19 pandemic.

For the full year, Supermax’s net profit quadrupled to RM525.59 million from RM123.11 million, while revenue jumped 39% to RM2.13 billion from RM1.54 billion. “Since the founding of Supermax, we have adopted the own brand manufacturing model whereby we manufacture the products, package and market under our in-house brands. We currently export 55% of production under our own brands via our own distribution centres and 40% through independent distributors. The remaining 5% is for OEM production.

Supermax’s products are sold to more than 165 countries, the largest contributor being the Americas which contributed 51% to its revenue in FYE2020. Asia/Oceania and Europe contributed 23% each.

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