Top Glove Trims Attributable Loss in Fiscal 2024; Shares Up 4%

MT Newswires

2024-12-13

The Singapore-listed shares of Top Glove were up nearly 4% in recent trading, while its Malaysian shares were up 3%.

Top Glove (SGX:BVA, KLSE:TOPGLOV) reported a lower loss attributable to owners of the parent for the year ended Aug. 31 of 64.9 million ringgit, compared to 925.2 million ringgit a year earlier, a filing with the Singapore Exchange said on Wednesday.

Basic loss per share came in at 0.008 ringgit compared with 0.116 ringgit a year earlier.

Revenue rose to 2.51 billion ringgit from 2.26 billion ringgit in the year-ago period, mainly due to increased sales volume.

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