Top Glove sees increase in profit margin in 2H20

KUALA LUMPUR: Top Glove Corporation Bhd expects its profit margin to increase by between 20 per cent and 40 per cent in the second half of 2020, following the higher demand for rubber gloves amidst the COVID-19 pandemic.

Executive chairman Tan Sri Dr Lim Wee Chai said the company is confident of meeting the demand for rubber gloves, especially following the completion of its two factories-factory 5A in Ipoh and factory 2B in Meru, Klang.