PETALING JAYA: Comfort Gloves Bhd returned to the black in the second quarter ended June 30, 2026 (Q2’26), posting a net profit of RM1.31 million against a net loss of RM54.84 million a year earlier, as higher sales volume and average selling prices, coupled with improved operational efficiency, lifted its performance.
Revenue rose 12.9% to RM90.72 million from RM80.36 million previously, driven by higher sales across both local and export markets and an upward adjustment in average selling prices, according to a filing with Bursa Malaysia.
The glove maker said it achieved a gross profit of RM8.19 million during the quarter, compared with a gross loss of RM32.40 million in the corresponding quarter last year.
The turnaround was attributed to higher average selling prices, improved operational efficiency, ongoing cost optimisation and better absorption of fixed costs following higher production capacity utilisation.
The latest quarterly profit was also supported by the absence of substantial inventory and property, plant and equipment write-offs incurred in the previous corresponding quarter, as well as lower foreign exchange losses.
On a quarter-on-quarter basis, Comfort Gloves’ revenue climbed 33.8% from RM67.83 million in Q1’26, while it swung to a net profit of RM1.31 million from a net loss of RM6.37 million in the preceding quarter.
For the first six months of FY26, however, the group remained in the red, although its net loss narrowed sharply to RM5.06 million from RM65.46 million a year earlier. Revenue fell 15.2% to RM158.54 million from RM186.98 million.
Looking ahead, Comfort Gloves expects the operating environment to remain challenging amid global trade disruptions, US tariffs, foreign exchange volatility and persistent inflationary pressures, as well as potential fluctuations in raw material costs.
Nevertheless, the group said it remained cautiously optimistic about the industry’s longer-term prospects and would focus on improving product quality, productivity and its cost structure.
