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Cost management lifts Top Glove in difficult third quarter

Net profit and revenue jump despite sharp increases in raw material prices
Saturday, June 17, 2017 - 05:50

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Looking ahead, Top Glove is optimistic of better sales volume growth in the fourth quarter as raw material prices start to trend downwards.

Singapore

IMPROVEMENTS in its manufacturing process with the aim of managing costs gave a lift to the results of Top Glove in its third quarter.

The rubber glove manufacturer's net profit jumped 24.4 per cent to RM77.7 million (S$25.1 million) from the previous year, the group said

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