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Top Glove 4Q net profit up 51%, proposes 8.5 sen dividend

Mimi Sabreena 4:44:00 PM Informasi

KUALA LUMPUR (Oct 13): Top Glove Corp Bhd, the world's largest rubber glove maker, saw its fourth quarter net profit jump 51% year-on-year (y-o-y) on higher sales volume, which increased by 13% y-o-y.

Net profit rose to RM98.62 million in the three months ended Aug 31, 2017 (4QFY17) from RM65.32 million a year ago, while earnings per share grew to 7.87 sen from 5.21 sen in 4QFY16.

Quarterly revenue also rose 25% to RM902.42 million from RM722.11 million in 4QFY16.

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