Top Glove: Earnings surged 20 times compared to a year ago

  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Despite facing probes over labour practices, glove manufacturer enjoyed bumper year.

Leading rubber glove manufacturer Top Glove Corporation Bhd announced massive profits in the first quarter of its financial year as its earnings surged by 20 times from a year ago and even doubled against the preceding quarter.

In a statement today, the world’s largest glovemaker said that it ended the first quarter of its financial year with a net profit of RM2.4 billion and was able to reward shareholders with a dividend of 16.5 sen a share.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in BUSİNESS

Business Business Latest News, Business Business Headlines