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

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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

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