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VIP Gloves Ltd sees 'tremendous growth potential'

VIP Gloves Ltd's (ASX:VIP) Sebastian Chang tells Proactive's Andrew Scott he expects the increase in revenue from nitrile glove production to continue into the financial year 2021. He says the revenue growth is attributed to higher average selling prices (ASP) of gloves, which is expected to remain buoyant in the short to medium term, and continual improvement in operating efficiencies of nitrile glove manufacturing operations following the commissioning of additional production lines.

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Price: 0.041 AUD

Market Cap: $32.22 m

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VIP Gloves reports strong cashflow to support aggressive expansion and...

VIP Gloves Ltd's (ASX:VIP) Sebastian Chang tells Proactive's Andrew Scott revenue in its March quarter increased by 31% and average selling prices by 19% compared to the previous quarter. Production lines 5 and 6 were successfully commissioned during the quarter with total production output at...

on 4/5/21

2 min read