KUALA LUMPUR: Top Glove Corp Bhd
posted a net profit of RM87.55mil in the second quarter ended Feb 28, 2022, as compared to RM2.87bil a year earlier as average selling prices (ASP) moved closer to pre-pandemic levels.
"Raw material prices were generally on a downward trend, decreasing at a slower pace than ASPs, which resulted in margin compression.
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