Top Glove 4Q net profit dips 13%, declares 4 sen dividend

Top Glove 4Q net profit dips 13%, declares 4 sen dividend

The Edge Markets - Malaysia·2019-09-26 14:39

KUALA LUMPUR (Sept 26): Top Glove Corp Bhd's net profit for the fourth quarter ended Aug 31, 2019 dipped 13.2% year-on-year (y-o-y) to RM80.05 million from RM92.33 million, due mainly to increased competition and spike in natural rubber latex price.

In a Bursa Malaysia filing today, it said revenue for the quarter slipped 2.8% y-o-y to RM1.19 billion from RM1.22 billion, as sales volume eased.

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