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Demand for Malaysian-made gloves had started to pick up towards the end of last year as US
buyers started to divert their orders to non-China glove producers as a result of the on-going
US-China trade spat. Going into 2020, glove demand received a further boost following the
outbreak of the novel coronavirus, Covid-19, in China. Orders for gloves have been on the rise
from China and other countries in the region as the need to prevent cross-contamination
between infected persons and medical personnel becomes more apparent. As Covid-19 spreads,
it is raising healthcare awareness and highlights the need for gloves as protective devices. The
Company is expediting the commissioning of the new lines at its latest manufacturing plant in
its efforts to contribute more towards the fight against the outbreak.
Comparison with Preceding Quarter’s Result
The Group‟s current quarter performance versus the preceding quarter is tabled below:
On a preceding quarter basis, the Group‟s revenue rose by 4.2% or RM 15.6 million while its
EBITDA and PBT were higher by 20.6% and 28.9% respectively.
The improved performance was mainly attributed to the additional capacity from new lines
commissioned at its latest plant during the quarter.
