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TOPGLOV (7113): TOP GLOVE CORP BHD 1Q net profit surges 20 times to RM2.4b on-yr, Div 16.5c

KUALA LUMPUR: Top Glove Corporation Bhd continued to register super normal profits in the first quarter ended Nov 30 as its net profit hit RM2.4bil and it rewarded shareholders with a dividend of 16.5 sen a share.

In its announcement on Wednesday, it said its earnings had surged by 20 times from a year ago and even doubled against the preceding quarter.

The group achieved sales revenue of RM4.8bil, up 294% compared with 1QFY2020, and 53% quarter-on-quarter.

Top Glove said sales volume or quantity sold improved by a healthy 34% from a year ago.


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