Top Glove Q1 Pre-tax Profit Rises To Rm121.99 Million
40 views · Published 19 December 2017 · 1:17 · Indexed 29 October 2026
Channel: 7Edition · 2017 · News & Politics
Top Glove Corp Bhd’s pre-tax profit for the first quarter ended November 30th, 2017 rose to RM121.99 million. In comparison with the RM89.76 million recorded in the corresponding quarter a year ago. Revenue meanwhile increased to RM938.12 million from RM785.58 million previously. The company said the better performance was due to strong demand growth stemming from developed and emerging markets, where glove demand was rapidly on the rise. It said further contributing to the demand was the disruption in vinyl glove supply... Following China’s strict enforcement against polluting industries, which benefited both natural rubber and nitrile glove sales. Meanwhile, to further its growth, top glove said it would continue to expand its operations, adding that yearly, it would continue to build one to two factories... And its current plans for expansion included the construction of two new manufacturing facilities.
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