Turning Point For Top Glove, Q1 PAT Grows 80% To RM17 Million
Turning Point For Top Glove, Q1 PAT Grows 80% To RM17 Million
Top Glove had in August and September 2024 revised its Average Selling Prices (ASPs) upward, following higher raw material costs and a weaker USD in 4QFY2024. The effects of these price adjustments came in only towards the end of 1QFY2025, with the full impact expected to be reflected in 2QFY2025.
$TOPGLOV (7113.MY)$ announced its financial results for the first quarter delivering a sales revenue of RM886 million, a growth of 80% year-on-year and achieved a Profit After Tax of RM17 million. While sales volume surged by 104% versus 1QFY2024.
$TOPGLOV (7113.MY)$ 公司公佈了2023年第一季度的財務業績，營業收入爲88600萬馬來西亞林吉特，較去年增長80%，並實現稅後利潤爲1700萬馬來西亞林吉特。同時，成交量較2024財年第一季度激增104%。
The group said the rebound was fuelled by robust and continual order inflows, driving a higher utilisation rate of 66% across running factories, while enhancing cost efficiencies. Spurring the strong growth in Sale Volume was continual glove replenishment activity, as well as increased inflow of U.S. orders ahead of the 50% tariff on glove imports from China, with further increases in Sales Volume expected to follow.
該集團表示，復甦得益於強勁且持續的訂單流入，推動了運行工廠的66%的更高利用率，同時提升了成本效率。推動成交量強勁增長的是持續的手套補貨活動，以及美國訂單流入的增加，因爲在50%的關稅對來自中國的手套進口之前，預計成交量還將進一步增加。
Also contributing to the better performance were healthier margins from continual glove replenishment activity. Its recovery was further supported by the Group's ongoing quality enhancement and cost optimisation initiatives, in line with its steadfast commitment to operational excellence. Additionally, the strengthening of the U.S. Dollar (USD) against the Malaysian Ringgit (MYR) during the quarter in review helped to improve margins.
持續的手套補貨活動也爲更好的業績做出了貢獻。其復甦進一步得益於集團持續的質量提升和成本優化舉措，符合其對運營卓越的堅定承諾。此外，本季度美元指數對馬來西亞林吉特的升值也幫助改善了利潤率。
Top Glove had in August and September 2024 revised its Average Selling Prices (ASPs) upward, following higher raw material costs and a weaker USD in 4QFY2024. The effects of these price adjustments came in only towards the end of 1QFY2025, with the full impact expected to be reflected in 2QFY2025.
頂級手套在2024年8月和9月將其平均售價（ASP）上調，這是由於原材料成本上升和美元指數在2024財年第4季度疲軟。這些價格調整的影響僅在2025財年第1季度末顯現，預計將在2025財年第2季度全面反映。
Going forward, the group said it remains positive, with orders continuing to flow in as the glove industry recovers steadily. Its unwavering focus on operational excellence, alongside robust industry fundamentals and increased levels of health and hygiene awareness post pandemic, are also expected to drive continual demand growth.
展望未來，集團表示保持積極態度，訂單持續流入，因爲手套行業穩步復甦。其對運營卓越的不懈關注，以及強大的行業板塊基本面和疫情後健康及衛生意識的提升，預計也將推動持續的需求增長。