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Top Glove Director Acquires Shares via Employee Share Option Subscription
Top Glove Issues 2,190,300 Shares Under Employee Stock Option Scheme
Maybank Still Concern On Top Glove's Non US Demand
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
Top Glove: Financial Statements and Related Announcement-First Quarter Results
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