Kossan up as investors weigh glove maker's dividend, profit

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KUALA LUMPUR (April 21): Kossan Rubber Industries Bhd’s share price rose over 6% in morning trade on Bursa Malaysia today after the glove maker declared yesterday a dividend of 12 sen a share and said its first-quarter net profit jumped to RM1.04 billion from RM64.8 million a year earlier.

At the time of writing today, Kossan’s share price had risen 24 sen or 6.32% to RM4.04.

More to come