The Business Times
business-time-50

Top Glove’s Q4 loss widens to RM463.1 million due to impairment

google-preferred-sourceAdd BT as a preferred source
Megan Cheah
Michelle Zhu

Megan Cheah &

Michelle Zhu

Published Fri, Oct 6, 2023 · 02:22 PM
    • The glove manufacturer's loss per share for Q4 is 5.78 sen.
    • The glove manufacturer's loss per share for Q4 is 5.78 sen. PHOTO: BLOOMBERG

    TOP Glove posted a net loss of RM463.1 million (S$134.2 million) for the fourth quarter ended Aug 31, widening from its RM63 million net loss the previous year.

    The glove manufacturer was hit by lower revenue and a RM388.5 million impairment over the quarter.

    This translated to a loss per share of 5.78 sen, compared with the previous year’s loss of 0.79 sen per share.

    top gloveFinancial resultsGlovesManufacturing

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Those whose employers actively discourage the use of AI at work have the lowest mental health score.

    Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More