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.