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Top Glove’s Q4 loss widens to RM463.1 million due to impairment

Megan Cheah,

Michelle Zhu

Published Fri, Oct 6, 2023 · 02:22 PM

TOP Glove posted a net loss of RM463.1 million (S$134.2 million) for the fourth quarter ended Aug 31, widening from its RM63 million net loss the previous year.

The glove manufacturer was hit by lower revenue and a RM388.5 million impairment over the quarter.

This translated to a loss per share of 5.78 sen, compared with the previous year’s loss of 0.79 sen per share.

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Companies & Markets

Top Glove’s Q4 loss widens to RM463.1 million due to impairment

Megan Cheah,

Michelle Zhu

KEYWORDS IN THIS ARTICLE

Companies & Markets

GSK profit drops in first quarter on higher costs

London watchdog’s name-and-shame plan is mad, bad and dangerous to the City

Foxconn’s musical chairs sound like punk rock

AI fuels cloud computing boom for tech giants

AMD slides after AI chip forecast misses lofty estimates

IBM wins reversal of US$1.6 billion poaching award to BMC

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