KUALA LUMPUR (Dec 16): Despite 427 out of a total of 7,004 employees testing positive for Covid-19, Kossan Rubber Industries Bhd founder Tan Sri Lim Kuang Sia, who is also the company s CEO and managing director, expects the impact to be less than 2% of the group s bottom line.
Lim confirmed with theedgemarkets.com that only one site out of the group’s six locations, or 25% of its total output volume, was affected by the outbreak.
“The impact on production is only for two weeks (starting from Dec 4). So, the impact on our profit is less than 2%,” he said.
According to Kenanga Research analyst Choo Ping Khoon, Kossan told analysts in a briefing yesterday that the group conducted a voluntary Covid-19 screening test at its glove division from Dec 4 to Dec 10.