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Sales surged by 104% in the first quarter, and Top Glove turned a loss into a profit.
(Kuala Lumpur, 20th) Top Glove (TOPGLOV, 7113, Main Board healthcare stock) reported a turnaround from loss to profit in the first quarter of the fiscal year 2025 (ending November 30), with a net profit of 5.47 million ringgit, compared to a net loss of 57.71 million ringgit in the same period last year. The company's first-quarter revenue recorded 0.8 billion 85.89 million ringgit, a year-on-year growth of 79.53%, compared to 0.4 billion 93.46 million ringgit in the same period last year. Top Glove stated in a press release that sales surged by 104% in the first quarter. "The recovery in performance is attributed to the strong and sustained orders on hand, which boosted the utilization rate of existing plants (66%). At the same time, cost efficiency was improved." The company continued to state,
Top Glove Returns to First-Quarter Profit on Strong Orders
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