[COPY] Top Glove 2025 And 2026 Growth Projected At 40% As 4Q Turnover Surges 75.5% YoY

[复制] 顶级手套2025年和2026年增长预计为40%，第四季度营业额同比激增75.5%

Business Today · 2024/10/10 20:36

The 2025 and 2026 net profit margins of Top Glove Corporation Bhd are projected to grow at 39% and 42%, respectively, as a result of higher sales volume and factory utilisation rate, according to Kenanga Investment Bank Bhd (Kenanga Research).

Unsurprisingly, the glove manufacturer recorded a 75.5%1 revenue surge year-on-year (YoY) in the last quarter of financial year 2023/242 (4QFY23/24), and its revenue for the full-year grew by 11.5%, according to a press release circulated by Top Glove on Thursday.

The 4QFY23/24 revenue amounted to RM835 million, representing a 75.5% increase from the same quarter of the previous year. This is the strongest sales volume growth for Top glove since the peak of the pandemic in 2021.

Notably, the group acknowledged that its bottom line for 4QFY23/24 was affected by the weakening of the US dollar against the ringgit, prompting an upward revision to its selling prices. However, the effect of the revision will be realised from November 2024 onwards due to time lag.
Mr Lim Cheong Guan, Managing Director of Top Glove remarked, "We are pleased that the group's financial performance has improved significantly over the course of FY2023/24, bringing us closer to breaking even. Our full year sales volume growth continues to be healthy. These are strong indicators of market resurgence and we are well positioned to ride the recovery wave. Our consistent progress has been driven by ongoing improvement initiatives, and with the continued support of our employees, the group is confident we are well on the path to profitability and sustainable growth."

Following the announcement of the 4Q financials, Top Glove's stock price was largely unmoved, lingering around RM1.00, possibly due to the widespread news of positive revenue and profitability figures on the glove manufacturing sector going into today's announcement.

The percentage is stated in a Top Glove-circulated press release and seems to be calculated from the attached Consolidated Statement of Profit and Loss (enclosed).
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Financial year ended 31 August 2024. ︎

2025年和2026年，顶级手套股份有限公司的净利润率预计将分别增长39%和42%，这是由于销售量和工厂利用率的增加，根据建投银行Berhad（建投研究部）。

顶级手套制造商在2023/242财年第4季度创下了1笔75.5%的营业收入激增，全年营业收入增长了11.5%，根据周四顶级手套发布的新闻稿。

4QFY23/24 营业收入达到了83500万令吉，较去年同期增加了75.5%。这是自2021年疫情高峰以来顶级手套销售量增长最强劲的表现。

值得注意的是，集团承认4QFY23/24的底线受到美元对马币贬值的影响，促使对销售价格进行上调。然而，由于时间滞后，修订的效应将从2024年11月开始实现。
顶级手套董事Lim Cheong Guan先生表示:"我们很高兴看到集团在2023/24财年的财务表现取得了显着改善，使我们更接近实现盈亏平衡。我们全年的销量增长继续保持健康。这些都是市场回暖的强有力指标，我们已经位于乘坐复苏浪潮的有利位置。我们的持续进步得益于持续改进措施，加上员工的持续支持，集团相信我们正步入盈利和可持续增长的道路。"

随着4Q财务数据的公布，顶级手套的股价基本没有变动，徘徊在1.00令吉左右，可能是由于广泛传播的积极营业收入和盈利数据的消息已经在今天的公告中体现了手套制造业的强劲表现。

这一百分比是在顶级手套发布的新闻稿中指出的，并似乎是从附有的损益综合表中计算出来的。
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2024年8月31日结束的财政年度。 ︎

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[COPY] Top Glove 2025 And 2026 Growth Projected At 40% As 4Q Turnover Surges 75.5% YoY

[COPY] Top Glove 2025 And 2026 Growth Projected At 40% As 4Q Turnover Surges 75.5% YoY

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