Top Glove 4Q net profit surges to RM1.29b, announces 8.5c dividend


KUALA LUMPUR: Top Glove Corporation Bhd posted exceptionally strong earnings in the fourth quarter ended Aug 31, 2020 and also for the financial year (FY20), underpinned by the surge in demand for gloves due to the Covid-19 pandemic.

In a statement to Bursa Malaysia on Thursday, it said net profit in 4Q surged a phenomenal 1,642% to RM1.29bil from RM74.16mil a year ago. The sizzling performance drove its FY20 net profit 412% higher to RM1.86bil from RM364.67mil a year ago.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Top Glove , Tan Sri Lim Wee Chai

   

Next In Business News

Malaysia's inflation comes in at 1.9% in Oct
Globetronics shares rally in early trade after Taiwan deal
Nissan to cut or transfer about 1,000 jobs in Thailand, sources say
Singapore Q3 GDP up 5.4% y-o-y, higher than advance estimate; 2024 forecast upgraded
Ringgit extends uptrend against greenback in early trade
FBM KLCI rebounds as Wall Street returns to a rally
Trading ideas: PetDag, Atlan, Thong Guan, Maxim, Globetronics, 7-Eleven, Petron, DRB-Hicom, Dayang, MSM, Aeon, SunCon, UEM Sunrise
Oil rises 2% as Russia-Ukraine war escalates
Wall St ends higher as Dow, S&P hit one-week tops
7-Eleven’s quarterly revenue climbs

Others Also Read