In Q4’21, Top Glove saw a pick-up in sales volume in Africa and Middle East of 15% and 38% respectively, compared to the Q3’21. They know one of the ways to grow bigger in their industry is to have a strong supplier like Top Glove,” Lee said. After getting the nod to resume selling its glove products to the US, AmInvestment Bank Research, in its report said Top Glove could see a boost in its earnings. The glove maker posted a historic net profit of RM7.87bil for the FY’21 from RM1.75bil a year ago. As at Aug 31, Top Glove’s net cash position remained healthy at RM2.05bil.

Source: The Star September 17, 2021 21:45 UTC