Top Glove first-quarter earnings soar to RM129 million
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.
Shares in the glove maker jumped nearly 8 per cent to RM11.86 after it posted profits of RM129 million (S$42.1 million) for the first quarter to end November - 163 per cent higher year-on-year and a fourth more quarter-on-quarter.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
SoftBank sells off Vision Fund assets as Son pivots to AI, chips
Gold set for best week in five on renewed US rate-cut hopes
Cordlife substantial shareholders lay out separate plans to address issues after AGM
Hin Leong founder OK Lim found guilty of 3 criminal charges of cheating, forgery
OpenAI plans to announce Google search competitor on Monday: sources
Latest Singapore 6-month T-bill offers cut-off yield of 3.7%