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Supermax Shares Decline After Fourth Straight Quarterly Loss

Por: MarketWatch Business November 30, 2023

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The glove maker said it swung to a net loss of MYR2.05 million ($440,642) in its fiscal first quarter ended Sept. 30, compared with profit of MYR5.71 million for the same period last year, weighed by weaker demand and persistently lower selling prices, according to a filing late Wednesday. First-quarter revenue slid 28% to MYR177.96 million. Supermax's operating environment may remain challenging in subsequent quarters, weighed by a massive... + full article



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