Top Glove's Reduces Attributable Loss in Fiscal Q4

MT Newswires

2024-10-10

Top Glove (SGX:BVA, KLSE:TOPGLOV) reduced its loss attributable to owners to 3.6 million ringgit in the quarter ended Aug. 31 from an attributable loss of 461.7 million ringgit in the year-ago period, a filing with the Singapore Exchange said on Thursday.

Loss per share came in at 0.0004 ringgit from 0.0576 ringgit in the comparable period.

The company booked a revenue of 835.3 million ringgit compared to 476.1 million ringgit in the year-ago period. The increased revenue was driven by enhanced operational efficiency and land disposal gains.

Shares of the gloves and other equipment manufacturer were down nearly 2% in recent trading.

Price (SGD): S$0.32, Change: S$-0.0050, Percent Change: -1.54%

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