FIRST 3 MONTHS PRE-TAX PROFIT STOOD AT RM17.603 MILLION AGAINST RM199.942 MILLION REVENUE, INCREASED BY 23.1% COMPARED TO 1Q2007
For the first 3 months ended 31 March 2008, the Group recorded a profit before taxation of RM17.603 million against the revenue of RM199.942 million, 24.9% increase compared to its preceding year corresponding period. The higher profit was attributed to the 23.1% growth in revenue compared to 1st quarter of year 2007, riding on the expanded production capacity in February this year. Compared to final quarter of 2007, the revenue of current quarter is 7.3% higher and this is attributed to higher unit sales in glove. In general, the overall performance of current quarter is robust despite the highly competitive market amidst all time high in raw materials and crude oil prices coupled with the appreciation of the Ringgit Malaysia. Similar to its previous quarters, the Group is running at almost full capacity during the quarter with all time high utilization rate.

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