- Read More »
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% toRead More »
Rubber gloves and manufacturing players are expecting a hit to their earnings following a ruling that they are now fully accountable for their foreign workers’ levy. CIMB Research said in a report it was expecting a net negative impact of between 1% and 3% for glove companies, due to the …Read More »