Top Glove to focus on cash flow

PETALING JAYA: Despite a rise in average selling prices (ASPs) and net loss narrowing in the third quarter of the financial year 2023 (3Q23), Top Glove Corp Bhd is likely to remain in the red in the last quarter too.

Following a briefing with analysts, the glove maker said it will be “focusing on cash flow and ensuring that earnings before interest, taxes, depreciation and amortisation (ebitda) turns positive”.