Financial Report: Analysis of Kossan Rubber and Supermax Corporation

This report provides a comparative financial analysis of Kossan Rubber Industries Bhd and Supermax Corporation Berhad. It begins with brief introductions of both companies, highlighting their establishment, core business activities within the rubber glove industry, and market positioning. The report examines the revenue figures of both companies, specifically noting the revenue of RM2.14 billion for Kossan in 2018 and RM1.304 billion for Supermax in the same year, and discusses the growth rates. The report also references the sources used, including the annual reports of both companies. The assignment brief also mentions that the report should include a comparison with Comfort Gloves Berhad and Hartalega Holdings Berhad, but those companies are not present in the provided solution. The report is based on the Malaysian Financial Reporting Standards (MFRS). The assignment also provides an introduction of Top Glove Corporation Bhd, its products, and its business philosophies.

Running head: FINANCE
Finance
Name of the Student
Name of the University
Author

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Table of Contents
Brief Introduction of Kossan Rubber Industries Bhd and Supermax Corporation Berhad........2
References..................................................................................................................................3

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Brief Introduction of Kossan Rubber Industries Bhd and Supermax Corporation
Berhad
Kossan Rubber Industries is established in the year 1979, which is engaged in the
industrial and medical equipment’s industry. It is one of the primary competitors of rubber
gloves producing business in Malaysia. Kossan is the second-largest producer in the world of
disposable latex and nitrile gloves that are currently exporting to more than 190 countries. At
present, the company has a manufacturing capability of about 25 billion pieces each year with
a total of 16 plants. The business segments of Kossan are the Technical Rubber Products,
Gloves and Cleanroom Products divisions (Kossan klse 2020). The company has declared its
revenue as RM2.14 billion in the year 2018 with an increase of 9.4% from its previous year
2017 that was RM1.96 billion.
Supermax Corporation Berhad is founded in the year 1987, and today it is the second-
largest manufacturer in the world of high-quality medical rubber gloves. The company has
succeeded in starting its brand in Canada, the U.S., Brazil and the United Kingdom. The
entire production of Supermax is exported to the dental and medical purchasers. The
company’s revenue is increased by 15.7% in the year 2018, which stands at RM 1.304billion
as compared to RM1.127billion in the year 2017 (Supermax.com.my 2020). Supermax
Corporation Berhad successfully delivers better revenues and earnings on the back of
improved production volumes as well as operational efficiency.

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References
Supermax.com.my 2020. online Supermax.com.my. Available at:
http://www.supermax.com.my/html/filedownload.aspx?
file=7106_SUPERMX_ANNUALREPORT_2018-06-30_SCB%20ANNUAL%20REPORT
%202018_-1054304029.PDF Accessed 24 Feb. 2020].
Kossan klse 2020. KOSSAN Annual Result on 2018-12-31 | I3investor. online Kossan klse.
Available at: https://klse.i3investor.com/financial/annual/7153/31-Dec-2018_3362884757.jsp
Accessed 24 Feb. 2020.