Supermax aims for 20pc revenue growth

Supermax Corp Bhd, the world’s second largest rubber gloves maker by volume, aims to grow its revenue and net profit by 20 per cent this year, helped by an expansion in capacity and a pick-up in demand, its co-founder said.

The Malaysian company, which ranks behind Top Glove Corp Bhd , is also set to take advantage of falling raw material prices to improve profit margins, Executive Chairman and Group Managing Director Stanley Thai told Reuters in an interview.

“We aim to grow our revenue and income by 20 per cent this year as we expand our capacity to tap into the better demand,” Thai said late yesterday at the company’s headquarters in Selangor just outside the Malaysian capital of Kuala Lumpur.

Net profit fell 33 per cent to RM106.1 million (US$35 million) in the year to Dec 31 2011 from a year ago despite revenue rising five per cent to RM1.03 billion.

Fourth-quarter profit dropped 7.3 per cent and revenue rose 12.2 per cent. - Bernama