Comfort Gloves Bhd narrowed its loss after tax (LAT) sharply to RM5.1 million for the first half of FY26 (1H26), from RM65.5 million a year earlier, despite revenue falling to RM158.5 million from RM187 million.
The improvement gathered momentum in the second quarter, with the glove maker swinging back to a profit after tax of RM1.3 million, reversing a RM54.8 million loss in 2Q25.
Revenue rose 13% to RM90.7 million from RM80.4 million, supported by higher sales volumes across local and export markets and stronger average selling prices.
Gross profit also rebounded to RM8.2 million from a gross loss of RM32.4 million previously, helped by higher selling prices, improved operational efficiency, cost optimisation and better fixed-cost absorption from higher production capacity utilisation.
The quarterly turnaround was further supported by the absence of RM12 million in property, plant and equipment write-offs incurred a year earlier, alongside a RM2.7 million reduction in foreign exchange losses.
Looking ahead, Comfort Gloves expects operating conditions to remain challenging amid global trade disruptions, US tariffs, currency volatility, inflationary pressures and fluctuating raw-material costs.
The group said it will continue focusing on procurement flexibility, cost discipline, capacity utilisation and productivity improvements while remaining cautiously optimistic about the industry’s longer-term prospects.
