Top Glove profits dip despite strong Q4

Top-glove-production-2Shah Alam, Malaysia – Higher raw material prices have driven down annual profit at Malaysian rubber gloves manufacturer Top Glove Corp. Bhd, despite a strong fourth quarter performance and higher sales volumes in 2017.

For the full year 2017, ended 31 Aug, Top Glove’s revenue reached a record high of RM3.4 billion (€684 million), up 18% compared to the previous year.

The uptrend in sales came on the back of an increase in average selling prices, which arose…

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