Top Glove says fundamentals remain intact after posting 4Q net loss of RM52.59mil

KUALA LUMPUR: Top Glove Corp Bhd, which ended its 2022 financial year on a final-quarter loss, is confident the storm will pass as the fundamentals in the glove business remain intact while the challenges are only temporary.

"Once the demand/supply mechanism rebalances, we will see glove demand resuming its 10% growth per annum as projected by the Malaysian Rubber Glove Manufacturers Association (Margma), in line with actual consumption which is underpinned by rising usage and hygiene awareness," said Top Glove managing director Lim Cheong Guan (pic) in a statement.