Top Glove's Q2 profit up 31%; expects challenging environment

Singapore

RUBBER glovemaker Top Glove Corporation on Thursday posted a 31 per cent increase in its bottom line for the second quarter, but faces a challenging business environment ahead characterised by higher operating costs.

For the three months ended Feb 28, 2018, the Malaysia-based firm's net profit was RM109 million (S$35 million), boosted by a growth in sales volume.