Supermax posts another quarter of record profit

Supermax Corporation Bhd’s net profit hit a record high of RM1.06 billion in the second quarter ended Dec 31, 2020, surging by more than 35 times over the RM30.17 million recorded a year earlier due to higher average selling prices (ASPs) and continuous robust global demand for its products amid the pandemic.

In a filing with Bursa Malaysia today, the rubber glove maker said revenue also soared by 418 percent to RM2.0 billion from RM385.50 million previously...