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Glove venture off to a bad start

The Star Business LogoThe Star Business1 mo ago

Glove venture                           off to a bad start

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The rollout of the commercial gloves production followed the completion of the 7.198ha acquisition in the Lumut Port Industrial Park in Perak on Nov 26.

Apart from its healthcare segment, the company’s investment holding and secretarial services segment registered a loss of RM1.43mil, mainly due to fair value loss on investment securities of RM590,000 and foreign exchange loss of RM323,000.

Revenue in the third quarter stood at RM5.65mil, which was generated from trading, hotel and its first registered sales of gloves.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Corporate News Johan Holdings Dynacare Loss /Business/Business News Gloves

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 00:00:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 3 minutes read

Article Length: 508 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6685

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 2h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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