Lower Q3 profit at Supermax despite revenue growth

ERJ staff report (LMH)

Kuala Lumpur - Rubber gloves maker Supermax has reported a pre-tax profit of MYR 34 088 million in the third quarter of 2011, down from MYR 41 448 million during the same period last year.

However, third quarter revenue at the Malaysian company grew to MYR 271 219 million from MYR 235 104 year-on-year.

In a report on Malaysian news site The Star, chairman Datuk Seri Stanley Thai was quoted as saying the better performance was due to increased sales in both natural rubber and nitrile latex gloves.

Overall profit margins rose from 11.2 percent in Q3 2010 to 11.4 percent in Q3 2011.

For the nine months ended 30 Sept, Supermax reported a drop in pre-tax profit from MYR 144 563 million in 2010 to MYR 83 638 million in 2011, while revenues showed an increase from MYR 690 581 million to MYR 750 709 in 2011.

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Filing from Bursa Malaysia