Top Glove Corporation Bhd announced better-than-expected quarterly results, posting a net profit of RM55 million, leading to a 3.5% surge in its share price. This positive development signals a potential turnaround for the glove manufacturer.
Top Glove Corporation Bhd, the world's largest glove manufacturer, today announced its latest quarterly results for the period ended December 31, 2025, which exceeded market expectations. The company reported a net profit of RM55 million, significantly higher than analysts' consensus forecast of RM20 million. Revenue also grew by 15% year-on-year to RM850 million, primarily driven by a recovery in nitrile glove demand and improved production efficiency. Following this positive news, Top Glove's share price surged 3.5% to RM1.20 in Friday's trading. Management expressed optimism about the earnings outlook for the coming quarters, citing increasing global healthcare expenditure and normalizing glove inventories, and plans to further expand production capacity to meet market demand.
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