Rubberex 3Q net profit surges 13 times amid strong nitrile glove demand

Rubberex Corp (M) Bhd's net profit for the third quarter ended Sept 30, 2020 surged 13 times to RM39.52 million from RM3.11 million in the previous year's corresponding quarter, as demand for nitrile gloves spiked amid the pandemic. Revenue for the quarter jumped 75% to RM109.03 million from RM62.23 million a year earlier. "The improved [...]

By |2020-12-23T10:45:39+07:00December 23rd, 2020|Asia, Malaysia, Nitrile Latex Gloves|0 Comments

Nitrile latex could hit all-time high this month, raising glove production costs by 70% q-o-q — KAF Research

KUALA LUMPUR (Dec 2): KAF Research said nitrile latex price could well breach US$3,000 per metric ton (pmt) in December, compressing the margins of some glove makers. The research house’s analyst Nabil Zainoodin said in a note that nitrile latex price, which has more than doubled to US$2,810 pmt from its lowest this year at [...]

By |2020-12-23T10:34:03+07:00December 23rd, 2020|Asia, Malaysia, Nitrile Latex Gloves|0 Comments
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