Top Glove sees positive impact from higher ASPs, cost optimisation

KUALA LUMPUR: Top Glove Corp Bhd recorded a sequentially improved bottomline in its third financial quarter following an increase in the average selling price (ASP) of its gloves and quality and cost optimisation initiatives to streamline its operations.

According to filings with the stock exchange, the glove maker's net loss in 3QFY23 was RM130.59mil, an improvement from the net loss of RM164.67mil recorded in 2QFY23.