Monday, June 15, 2020

Top Glove – top performer

Malaysian glove maker Top Glove last week reported a 365% jump in net profit to RM348m and a 42% rise in revenue to RM1.69b for its third quarter ended 30 May thanks to a surge in demand for its gloves because of the virus pandemic.

Earnings per share was up from 2.92 sen to 13.59 sen. Its shares jumped 14 Singapore cents to S$5.70 on Friday on cum-dividend trading. The company is paying an interim dividend of 10 sen on 9 July.

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