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Top Glove posts 43.8% increase in 1Q earnings to $34.8 mil on record quarterly sales

Stanislaus Jude Chan
Stanislaus Jude Chan12/19/2017 05:09 PM GMT+08  • 1 min read
Top Glove posts 43.8% increase in 1Q earnings to $34.8 mil on record quarterly sales
SINGAPORE (Dec 19): Glove manufacturer Top Glove Corporation saw its earnings jump 43.8% to RM 105.4 million ($34.8 million) in the 1Q18 ended November, from RM 73.3 million a year ago.
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SINGAPORE (Dec 19): Glove manufacturer Top Glove Corporation saw its earnings jump 43.8% to RM 105.4 million ($34.8 million) in the 1Q18 ended November, from RM 73.3 million a year ago.

Revenue grew 19.4% to a quarterly sales record of RM 938.1 million in 1Q18, from RM 785.6 million a year ago, as sales volume rose 17% y-o-y.

This was mainly due to strong demand growth stemming from developed and emerging markets, where glove demand is rapidly on the rise.

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