Top Glove 3Q net profit surges to RM2.03b

Top Glove said the quarter-on-quarter performance was softer as selling prices peaked in February.

KUALA LUMPUR: Top Glove Corporation Bhd’s net profit for the third quarter ended May 31 surged to RM2.03bil from a year ago but the quarter-on-quarter performance was softer as selling prices peaked in February.

The world’s largest glove maker’s net profit surged by 485% from RM347.89mil. Its revenue jumped by 147% to RM4.16bil from RM1.69bil. Earnings per share were 25.44 sen compared with 4.39 sen.