Top Glove set to return to profitability in FY25

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KUALA LUMPUR: Top Glove Corp Bhd’s financial performance has improved significantly in the financial year ended Aug 31 (FY24), bringing the group closer to breaking even, according to managing director Lim Cheong Guan.

Top Glove has proposed a bonus issue of up to 405.96 million warrants on the basis of 1 warrant for every 20 existing Top Glove shares, subject to shareholders’ approval at the upcoming AGM in January 2025.

Sales volume rose by 19% from FY23.“We are pleased to have concluded our financial year 2024 on a positive note.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Top Glove /Business/Business News Tariff Lim Cheong Guan Bonus issue Glove Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 13:31:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22975075

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