Top Glove quarterly sales hit record RM1.26bil

On Monday, Top Glove announced it had listed the EBs with the principal amount being US$200mil on Bursa Securities (under the exempt regime) and Singapore Exchange Trading.

KUALA LUMPUR: Top Glove Corp Bhd reported its best ever quarterly revenue, but earnings growth was muted due to the high cost of buying surgical glove Aspion Sdn Bhd and aggressive factory expansion.

Net profit in the first quarter ended Nov 30 rose 4% to RM110mil, as sales soared to RM1.26bil. Total volume sold increased 19%, the company said in a statement on Monday.