Top Glove Corporation
Top Glove Corporation Bhd is the world’s largest manufacturer of gloves, capturing 26% of the world market share for rubber gloves. The company has manufacturing operations in Malaysia, Thailand, Vietnam and China. It also has marketing offices in these countries as well as USA, Germany and Brazil and exports to over 2,000 customers in 195 countries worldwide.
Top Glove cuts losses to MYR 3.6m in Q4 as sales revenue surges 75% YoY
Top Glove cuts losses to MYR 3.6m in Q4 as sales revenue surges 75% YoY
Sales volume also grew significantly.
Top Glove cuts loss to $16.5m in 1Q24
The company narrowed its losses despite a lower revenue for the period.
Top Glove widens loss to $86.7m in 4Q23
In 3Q23, the company only recorded a loss of $11.8m.
Worst is likely over for Top Glove: analyst
CGS-CIMB said the manufacturer will soon experience a rise in sales volume.
Top Glove struggles to make profit due to oversupply and destocking
The Malaysian glove manufacturer sees the headwinds to persist in 2023.
After net loss, will Top Glove be back in black?
It posted $51.6m net loss in the first quarter ending November 2022.
Top Glove Corporation's net profit plunges by 99% to $9.14m in Q3 2022
In the same period last year, its profit was $816.54m (RM2.06b).
Top Glove’s net profit declines 97% YoY in Q2 2022
The softer financial performance was due to normalising average selling prices.
Top Glove profit for FY2021 soars to RM7.8b
The profit increase drove its earnings per shares higer to RM0.9591.
Manufacturing sector stocks follow manufacturing growth lead
Singapore’s top 20 most traded manufacturing-related stocks have a combined market value of $98.8b.
Top Glove profit soars 490% to US$500.4m in Q3
This is much higher than US$85.01m recorded in the same quarter last year.
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