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

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.