Malaysia's Top Glove posts record profit for fourth consecutive quarter after earnings jump 2,380%

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Malaysia's Top Glove posts record profit of 2,380% for fourth consecutive quarter in Q2

KUALA LUMPUR: Malaysia's Top Glove Corp posted a record profit for the fourth consecutive quarter in the December to February period as continued demand for gloves globally boosted sales, the company said on Tuesday .

The world's largest medical gloves manufacturer has benefited from soaring demand for its medical gloves and protective gear during the COVID-19 pandemic, but a US import ban continues to cast a shadow on its stellar performance. Top Glove also posted record revenue of RM5.37 billion in the second quarter, up 336 per cent from a year ago.

 

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