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Top Glove, logs top-notch earnings as gloves become highly valuable assets

Amala Balakrishner
Amala Balakrishner • 4 min read
Top Glove, logs top-notch earnings as gloves become highly valuable assets
Top Glove has emerged among the top performers on both the Kuala Lumpur Composite Index (KLCI) and Straits Times Index (STI)
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SINGAPORE (June 11): Earnings of personal protective gear manufacturer Top Glove soared over three-fold to RM347.9 million ($113.7 million) for 3QFY2020 ended May, from the RM64.7 million logged a year ago.

On a fully diluted basis, this translates to earnings per share (EPS) of 13.15 sens, compared to 2.78 sens a year ago.

This marks the company’s best performance in its 29-year history and follows a surge in global demand for gloves and face masks amid the ongoing coronavirus pandemic.

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