KUALA LUMPUR: Top Glove Corporation’s 1QFY8/20 net profit of RM111.4mil was within expectations, at 26% of CGS-CIMB Equities Research and Bloomberg consensus FY20F estimates.
The world’s largest glove maker plans to expand its production capacity by 16.8% by end-2020F, the bulk of which will be in the nitrile segment where it is witnessing strong demand.
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