Top Glove reports double profits in Q1

ERJ staff report (RD)

Klang, Malaysia – Top Glove Corp., a major manufacturer of rubber gloves, has reported profits of RM 86.6 million (Euro 17.3 million) in the three months ended 30 Nov 2009 (Q1 2010), a 100 percent increase on profits in the same period last year.

Revenue was up 22 percent to RM 472 million and net profit rose 93 percent to RM 66.5 million, a 16 Dec company statement said.

Top Glove employs 9100 staff in 19 factories spread across Malaysia, Thailand and China….

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