Top Glove posts record revenue, declares dividend

PETALING JAYA: Top Glove Corp Bhd, which saw its net profit rising 7.51% to RM101.59mil in the fourth quarter ended Aug 31, has declared a final dividend of 10 sen per share.

The glove maker said the latest dividend would bring the total financial year ended Aug 31, 2018 (FY18) dividend payout to 17 sen per share, an increase of 2.5 sen or 17% over FY17, representing a net profit payout ratio of 50%. It added that the dividend would be subject to shareholders’ approval at the upcoming AGM in January.