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Jump in orders from pandemic hands Top Glove record Q3 profit

Bottom line jumps 365.7% to RM347.9m as revenue rises 41.9% to RM1.69b

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With increased demand for gloves, as well as heightened hygiene awareness, the company has earmarked RM3 billion for capital expenditure to build 450 new lines. This will create new capacity of 60 billion pieces of gloves from 2020 to 2026.

Singapore

A SURGE in demand for gloves amid a global pandemic has handed Top Glove its highest quarterly net profit and revenue in its 29-year history.

The Malaysian company listed on both sides of the Causeway saw its bottom line jump 365.7 per cent to RM347.9 million (S$113.6...

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