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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

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:

 /  🏆 6. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines