Kossan 3Q net profit weighed down by lower prices, higher gas costs

Kossan 3Q net profit weighed down by lower prices, higher gas costs

The Edge Markets - Malaysia·2019-11-21 20:09

KUALA LUMPUR (Nov 21): Kossan Rubber Industries Bhd’s third quarter net profit slipped 9.18% to RM49.18 million or 3.84 sen a share, from RM54.15 million or 4.23 sen a share a year earlier, on lower average selling prices and higher natural gas costs.

Revenue for the quarter ended Sept 30, 2019 (3QFY19) was down 7.43% at RM531.26 million, versus RM573.9 million previously, the glove maker said in a filing with Bursa Malaysia.

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