They supply rubber threads, mostly to the textile industry, from what I can make out. Domestically, that sector is not doing well (for e.g. Rupa, Lux etc.) and textile exports have been down significantly too. That seems to have impacted Rubfila’s revenues as well which is down 27% yoy. They seem to have controlled costs reasonably well though.
Their paper subsidiary (Premier) has reported losses, which is surprising. I don’t understand the reason for that. Similarly, hard to understand why the employee benefit expenses have gone up.
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