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Top Glove posts 1Q earnings of RM2.38 bil following record quarterly revenue of RM4.76 bil

Felicia Tan
Felicia Tan • 3 min read
Top Glove posts 1Q earnings of RM2.38 bil following record quarterly revenue of RM4.76 bil
The group has commenced quarterly dividend payments for FY2021; declares dividend of 16.5 sen per share for 1Q.
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Top Glove Corp has posted earnings of RM2.38 billion ($779.8 million) for the 1QFY2021 ended November, over 10 times its earnings of RM111.4 million in the same period last year.

Quarter-on-quarter, the group’s 1Q earnings were more than double that of its earnings of RM1.29 billion in the 4QFY2020 ended August, which was seen to be the group’s best-ever quarterly performance at the time.

On a fully diluted basis, this translates to earnings per share (EPS) of 29.64 sen from EPS of 1.50 sen a year ago.

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