Supermax’s Q1 net profit soars 32-fold to RM789.5 million

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 11%
  • Publisher: 51%

PETALING JAYA: Supermax Corp Bhd has reported a whopping 32-fold increase in net profit to RM789.52 million for its first quarter ended Sept 30, from ...

Malaysia Headlines News

Malaysia Latest News, Malaysia Headlines

Aside from glove production, group also making steady progress in its contact lens business, expanding to 65 countries which has resulted in an improvement of top line performance. – Supermax websiteSupermax Corp Bhd has reported a whopping 32-fold increase in net profit to RM789.52 million for its first quarter ended Sept 30, from RM24.

It stated that the demand surge has led to a rapid rise in average selling prices since March this year and this trend continues with the highest yet to be reflected in the current quarter. Aside from gloves, it also is making steady progress in its contact lens business, expanding to 65 countries which has resulted in an improvement of top line performance.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bursa Malaysia’s net profit up 2.5 times in third quarter to RM121.94 millionPETALING JAYA: Bursa Malaysia Bhd reported a more than 2.5-fold increase in net profit to RM121.94 million for the third quarter ended Sept 30, 2020 c...
Source: theSundaily - 🏆 25. / 51 Read more »

Econframe records RM5.34m net profit in FY2020 | Malay MailKUALA LUMPUR, Oct 26 — Door manufacturer Econframe Bhd recorded a net profit of RM5.34 million for the financial year ended Aug 31, 2020 (FY2020). It said in a Bursa Malaysia announcement today that the group’s total revenue for FY2020, recorded at RM40.62 million, was principally derived from...
Source: malaymail - 🏆 1. / 86 Read more »

BP reports Q3 net loss of US$450 million, down sharply from previous quarterLONDON: British energy giant BP on Tuesday reported a net loss of US$450 million (RM1.87 billion)for the third quarter, down very sharply on the previ...
Source: theSundaily - 🏆 25. / 51 Read more »

Iran welcomes America's return to nuclear deal – but with 'guarantees'Tensions have soared between Washington and Tehran under US President Donald Trump. FMTNews Iran Nuclear Just remove trump on 3 nov Pretty clear who cuts your checks.
Source: fmtoday - 🏆 5. / 72 Read more »

AirAsia suffers 85% plunge in passengers carried | The Malaysian InsightQ3 sees just under two million passengers, as opposed to 13 million in Q3 2019.
Source: msianinsight - 🏆 8. / 63 Read more »

Report: The next Samsung Galaxy Z Fold might come with an S Pen | Malay MailKUALA LUMPUR, Oct 26 — The Galaxy Z Fold 2 is probably one of the most advanced smartphones you can buy in 2020. However, if there’s one thing missing, it’s S Pen compatibility. Samsung has bundled the stylus with all of the Note series smartphones, but not the Z Fold 2 (or the...
Source: malaymail - 🏆 1. / 86 Read more »