TOP GLOVE RETURNS TO BLACK IN 3QFY2024 WITH NET PROFIT OF RM50.67 MLN
TOP GLOVE RETURNS TO BLACK IN 3QFY2024 WITH NET PROFIT OF RM50.67 MLN
KUALA LUMPUR, June 19 (Bernama) -- Top Glove Corporation Bhd has returned to the black in the third quarter of financial year 2024 (3Q FY2024) ended May 31, 2024, chalking up a net profit of RM50.67 million compared to a net loss of RM130.59 million in 3Q FY2023.
吉隆坡，6月19日（Bernama）——Top Glove Corporation Bhd在截至2024年5月31日的2024财年第三季度（第三季度 FY2024）中恢复亏损，净利润为5,067万令吉，而第三季度 FY2023 的净亏损为1.3059亿令吉。
Revenue for the quarter also improved by 20 per cent to RM636.88 million versus RM530.62 million previously.
本季度的收入也从之前的5.3062亿令吉增长了20％，达到6.3688亿令吉。
"The group's more robust performance was driven primarily by stronger glove demand as customers replenished their glove inventories having cleared excess stocks'.
“该集团更强劲的表现主要是由手套需求的强劲推动的，因为客户在清理了多余的库存后补充了手套库存。”
"The higher utilisation, coupled with ongoing quality and cost optimisation measures also positively impacted the bottom line," the glovemaker said in a filing with Bursa Malaysia today.
这家手套制造商今天在向马来西亚证券交易所提交的文件中表示：“更高的利用率，加上持续的质量和成本优化措施，也对利润产生了积极影响。”
It said that although raw material costs escalated in 3Q FY2024, the group successfully reduced its production costs through multiple improvement initiatives.
该公司表示，尽管原材料成本在 FY2024 第三季度上涨，但该集团通过多项改进举措成功降低了生产成本。
Prices of raw material for 3Q FY2024 were on an uptrend quarter on quarter, with the average natural latex concentrate price up by 20 per cent to RM6.77 per kilogramme, while the average nitrile latex price rose 16 per cent to US$0.89 per kg.
第三季度 FY2024 的原材料价格逐季呈上升趋势，天然乳胶浓缩物的平均价格上涨了20％，至每千克6.77令吉，而丁腈乳胶的平均价格上涨了16％，至每公斤0.89美元。
Moreover, with growing glove demand, the group was able to share some of the cost increases with customers through upward revisions in the average selling prices.
此外，随着手套需求的增长，该集团得以通过向上调整平均销售价格与客户分享部分成本的增长。
Additionally, the sale of excess land helped to strengthen the group's profit and cash flow position, which was in line with a key objective of its turnaround plan.
此外，出售多余土地有助于加强该集团的利润和现金流状况，这符合其周转计划的关键目标。
"We are pleased to see a return to black this quarter as the glove industry turns a corner, and we remain deeply appreciative of our colleagues whose good efforts and commitment have been instrumental in accelerating our recovery," said Top Glove managing director Lim Cheong Guan in a statement today.
Top Glove董事总经理林昌冠在今天的一份声明中表示：“随着手套行业转危为安，我们很高兴看到本季度回归亏损，我们对同事的出色努力和承诺对加速复苏起到了重要作用，我们深表感谢。”
Bernama
Bernama