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Top Glove first-quarter earnings soar to RM129 million

Top Glove's 16 per cent profit margins were almost double from a year ago as it rode on a sweet spot of growing operational efficiencies and robust US dollar- denominated exports.

Kuala Lumpur

WHILE the shrinking ringgit and economic slowdown have most companies leery of their prospects, Top Glove Corporation is looking forward to "a very good year ahead" after charting record earnings in the first quarter that were 46 per cent of the last full-year profits.