VIP Gloves Ltd implements aggressive expansion to serve expected demand growth as quarterly revenue rises 31%, shares soar
VIP Gloves implements aggressive expansion to serve expected demand growth as quarterly revenue rises 31%, shares soar The company believes the consistent rise in average selling prices is attributable to strong demand for nitrile gloves due to the pandemic, a change in habits and stronger health awareness. The company’s sales order book is filled to December 2021 with plans to build a second factory underway. VIP Gloves Ltd (ASX:VIP) enjoyed a productive March quarter, increasing revenue by 31% and average selling prices by 19% compared to the previous quarter with investors ...
Source: proactiveinvestors.com.au