Top Glove returns to black, posting a net profit of RM5.47m in 1Q FY2025

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Top Glove returns to black, posting a net profit of RM5.47m in 1Q FY2025 - Malay Mail

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KUALA LUMPUR, Dec 20 — Top Glove Corporation Bhd has returned to the black, posting a net profit of RM5.47 million in th...

In a separate statement, Top Glove’s managing director, Lim Cheong Guan described the group’s exceptional profitability increase as a significant milestone on its recovery and journey growth.“This achievement is attributed to the encouraging recovery in market demand, which has significantly boosted sales orders, our ability to command average selling prices and cost pass-through, and continuous efforts to improve our glove quality and cost efficiency,” he added.

These impacts are anticipated to become more pronounced from 2Q FY2025 onwards,” it said.