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Top Glove 4Q net profit slips but full year at RM7.87b

KUALA LUMPUR: Top Glove Corporation Bhd posted a historic net profit of RM7.87bil for the financial year ended Aug 31, 2021 but its fourth quarter earnings fell to RM607.94m amid the very challenging operating environment.

The world’s largest glove maker announced on Friday, FY21 net profit jumped 350% from RM1.75bil in FY20. Sales Revenue rose 127% to RM16.40bil from FY2020.

Meanwhile, the group’s net cash position as at Aug 31, 2021 remained healthy at RM2.05bil.

However, 4Q net profit fell to RM607.94mil from RM1.17bil a year ago. Sales fell by 32% to

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