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Top Glove reports $16.3 mil loss in 4QFY2022 amid slowdown in orders, lower ASPs

Felicia Tan
Felicia Tan • 4 min read
Top Glove reports $16.3 mil loss in 4QFY2022 amid slowdown in orders, lower ASPs
The glove maker saw a 96.9% y-o-y plunge in FY2022’s earnings of $73.1 million. Photo: Bloomberg
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Top Glove has reported a loss of RM52.6 million ($16.3 million) for the 4QFY2022 ended August, compared to earnings of RM447.4 million.

This brings the glove maker’s total earnings to RM236.0 million for the FY2022, 96.9% down from its previous year’s earnings of RM7.71 billion.

In the 4QFY2022, loss per share stood at 0.65 sen on a diluted basis while earnings per share (EPS) for the FY2022 stood at 2.91 sen on a diluted basis.

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