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Supermax records pre-tax profit of RM 23.466 million in Q1

Posted on: May 9, 2009

Bernama – Saturday, May 9

KUALA LUMPUR, May 8 (Bernama) — Supermax Corporation Bhd has recorded a pre-tax profit of RM23.466 million in the first quarter ended March 31, 2009 compared to RM17.068 million posted in the same period in 2008.

Revenue improved to RM192.372 million from RM191.456 million during the quarter, the company said in a filing to Bursa Malaysia today.

In a separate statement, the company attributed the higher profit levels to the company’s move to increase operation efficiency in its wholly-owned manufacturing facilities and overseas operations.

“As reflected in this quarter results, we have successfully increased profit levels, reduced our operating expenses, lowered inventories and trade receivables,” Supermax executive chairman and group managing director Datuk Seri Stanley Thai said.

On the outlook for the gloves producing company, he said the lower commodity prices and favourable exchange rate will augur well for the company while the recent outbreak of the H1N1 influenza is expected to provide business for the group. — BERNAMA



1 Response to "Supermax records pre-tax profit of RM 23.466 million in Q1"

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