Kossan Rubber Industries Bhd.MYX: KOSSAN

KOSSAN: Strong glove sales drove 9M24 profit surge, with US tariffs set to boost future demand

· Issued by Kossan Rubber Industries Bhd.

Revenue grew 17.1% year-over-year to RM 1.39 billion for 9M24, with profit before tax up 268% to RM 119.3 million, driven by glove division recovery. US tariffs on Chinese gloves are expected to benefit Malaysian producers, though cost and labor challenges persist.

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