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Top Glove Q3 profit up 51.4% on higher revenue
Better performance helped by company's focus on cost improvement initiatives and technological advances
Add BT as a preferred sourcePublished Tue, Jun 19, 2018 · 09:50 PM
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Singapore
RUBBER glove manufacturer Top Glove Corp's third-quarter net profit rose 51.4 per cent to RM117.6 million (S$39.9 million) from RM77.7 million last year, as revenue improved 26.6 per cent to RM1.1 billion for the three months ended May 31.
This translated to earnings per share of 9.36 sen, from 6.20 sen in the year-ago period. Meanwhile, sales volume surged by a "record" 37 per cent from Q3 FY17, the firm said.
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