Thursday, 19 May 2011
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Malaysia: Kossan Rubber Q1 pre-tax profit down 28pc
Kossan Rubber Industries Bhd's pre-tax profit fell 28.04 per cent to RM27.9 million in the first quarter ended March 2011 from RM38.8 million in the same quarter last year. Its turnover also declined 2.41 per cent to RM256.4 million from RM262.8 million in 2010. In a filing to Bursa Malaysia, it said the lower turnover was partly due to the buyers holding lower stock levels amid the
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