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

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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.

 

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