Top Glove posts record revenue of RM1.26b in Q1

Singapore

STRONGER glove sales lifted results for Top Glove Corporation in its first quarter. Net profit increased 4.5 per cent to RM110.1 million (S$36.2 million) from the previous year, the group said on Monday.

For the three months ended Nov 30, revenue jumped 34.5 per cent to RM1.26 billion from the previous year. This was also its highest quarterly sales revenue to date. The expansion in revenue was due to the group's robust sales in both developed and emerging markets. The group recorded a growth in sales volume of 19 per cent year-on-year.