Top Glove's 2Q profit rises on uptrend in glove demand

TheStar Thu, Mar 20, 2025 01:39pm - 1 month View Original


Top Glove managing director Lim Cheong Guan

KUALA LUMPUR: Top Glove Corp said its improved performance in the second quarter ended Feb 28, 2025 (2QFY25) was owing to a sustained uptrend in glove orders on the back of recovering global demand.

Also helping sales revenue were the trade diversions resulting from US tariffs on Chinese glove exports, it said a review of its results.

In 2QFY25, the glove maker posted a net profit of RM30.28mil, a swing to the back from a net loss of RM51.2mil in the year-ago quarter.

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