KUALA LUMPUR – Top Glove Corporation Bhd’s net profit surged more than 24-fold to RM2.87 billion in the second quarter of the financial year ended February 28 (2Q21) from RM115.68 million in 2Q20 as global glove demand continues to soar.
In a filing with Bursa Malaysia today, the world’s largest rubber glove manufacturer said it also achieved its highest ever quarterly sales revenue of RM5.37 billion in 2Q21, an increase of 336% from RM1.23 billion in 2Q20.
For the cumulative six-month period ended February 28 (1H21), its net profit hit RM5.23 billion, about 22 times that of last year’s RM227.11 billion, while its revenue during the period surged to RM10.12 billion from RM2.44 billion previously.
Meanwhile, Top Glove also declared a single-tier interim dividend of 25.2 sen per share, payable on April 6. – Bernama, March 9, 2021
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