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Top Glove reports RM926.6 mil loss in FY2023

Felicia Tan
Felicia Tan • 4 min read
Top Glove reports RM926.6 mil loss in FY2023
The loss comes after the group's earnings of RM225.6 million in FY2022. Photo: Bloomberg
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Top Glove Corporation has reported a loss of RM463.1 million ($134.2 million) for the 4QFY2023 ended Aug 31, down from the RM63.0 million loss in the corresponding period the year before.

For the FY2023, the group plunged into the red with an RM926.6 million loss, down from earnings of RM225.6 million in the year before.

Revenue for the three-month period came in at RM475.9 million, which stood at nearly half of the RM989.9 million in revenue for the 4QFY2022.

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