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Top Glove records best performance in 29-year history, declares final dividend of 8.5 sens

Amala Balakrishner
Amala Balakrishner • 4 min read
Top Glove records best performance in 29-year history, declares final dividend of 8.5 sens
A final dividend of 8.5 sens per share has been recommended, bringing the total dividend payout for FY2020 to 11.8 sens per share.
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In what is seen as its best-ever quarterly performance, Top Glove Corp reported earnings of RM1.29 billion ($0.42 billion) in its 4QFY2020 ended August.

This is almost 18 times the RM74.2 million posted in the same period a year ago and follows a surge in global demand for gloves and face masks amid the ongoing coronavirus pandemic.

On a fully diluted basis, this translates to earnings per share of 15.95 sens in 4QFY2020, a significant surge from the 0.97 sens generated in 4QFY2019.

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