Supermax raises after-tax profit target

Supermax Corp, a Malaysian rubber glove maker, said it raised its internal after-tax profit target to RM168 million for 2010 from RM136 million, to reflect higher demand for its products.

The company expects sales to increase by about RM300 million this year, it said in a statement today. It had sales of RM814.8 million last year, Supermax said.

The company’s exports of medical examination gloves to the US will increase by an additional 5 to 7 per cent this year following US healthcare reforms, it said.

Group managing director Stanley Thai said Supermax's production capacity will rise to 21.7 billion pieces by the end of 2011 from an expected 17.6 billion at the end of this year.

Its output capacity was at 14.5 billion pieces at the end of 2009, he said. -- Bloomberg