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Supermax Shares Plunge After Fifth Quarterly Loss

Shares of Supermax Corp., the Malaysia-based glove maker, fell after the company reported losses for five consecutive quarters. The company's net loss narrowed to MYR44.36 million in its fiscal second quarter. Supermax expects a meaningful recovery to occur only in 2025.

by Mark Eisenberg
Wed, Feb 21, 2024 1:09pm
in Business
• 2 mins read
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Supermax Shares Plunge After Fifth Quarterly Loss | FinOracle

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Supermax Corp. Shares Drop After Fifth Straight Quarterly Loss

**Supermax Corp.** shares tumbled as the glove maker experienced its fifth consecutive quarter of losses. The Malaysia-listed company saw its share price drop by as much as 5.4% before settling at 4.9% lower at 0.88 ringgit on Wednesday morning. This decrease has reduced its 12-month gains to 5.4%.

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