KUALA LUMPUR: SUPERMAX CORPORATION BHD [] posted an impressive set of results for the third quarter ended Sept 30, 2009, with net profit at RM40.15 million, up 24% from the RM15.77 million a year ago, boosted by higher margin products.
It said on Oct 15 that revenue was RM237.56 million compared with RM244.25 million a year ago due to the higher selling prices then. Earnings per share were 15.14 sen compared with 5.95 sen. It declared a dividend of 2.5 sen per share.
"The group recorded RM237.6 million in sales revenue during the current quarter on the back of sustained high demand for rubber gloves.
"Global glove demand has continued to grow strongly and it has also received a substantial boost from the H1N1 pandemic which surfaced in March this year," it said.
However, revenue in the corresponding quarter last year, however, was slightly higher owing to substantial upward revisions in selling prices to pass on to consumers raw material and energy costs which had risen to historical highs.
Supermax also said unlike in the corresponding quarter last year, the current 3Q09 quarter's high sales revenue was not accompanied by high operating costs.
In addition, the management has focused on producing high margin products resulting in higher manufacturing profits contribution for the 3Q09 quarter.
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