Top Glove third quarter earnings rise to RM77.7mil


Expansion plans: A file picture showing latex gloves on an automated production line at a Top Glove Corp factory in Setia Alam. The company says expansion plans include the construction of three new manufacturing facilities in Klang, – Bloomberg

KUALA LUMPUR: Top Glove Corp Bhd’s net profit jumped 24.4% to RM77.7mil in the third quarter ended May 31 from RM62.45mil a year ago.

The glove manufacturer saw its revenue rose 29.3% to RM869.6mil year-on-year while pre-tax profit came in at RM91.5mil, a year-on-year improvement of 24.2% despite a challenging business environment characterised by sharp increases in raw material prices, which affected sales orders.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Top Glove

   

Next In Business News

FGV appoints independent consultant to review director's remuneration Premium
Malaysia palm oil millers halt production as CPO prices plummet Premium
Credit Suisse found guilty in cocaine cash laundering case Premium
S&P revises Malaysia's sovereign credit ratings’ outlook to stable, projects GDP to grow 6.1% in 2022 Premium
Sapura Energy returns to the black with RM91.9mil net profit in 1Q Premium
Ringgit depreciates against US dollar Premium
DNeX to explore business synergy with Saudi Arabia-based Abilitii Premium
Pertama Digital exploring with banks to provide digital banking products Premium
Mynews posts net loss of RM10.22mil in 2Q22 Premium
Southern Cable targeting higher exports in FY22 Premium

Others Also Read