Glove manufacturer Top Glove Corporation Bhd announced better-than-expected quarterly results, posting a net profit of RM120 million. The company's share price surged 3.5% during intraday trading, reflecting market confidence in its recovery prospects and improved demand for medical gloves. This positive development signals a potential turnaround for the sector.
Top Glove Corporation Bhd, the world's largest glove manufacturer, today announced better-than-expected quarterly results for the period ended December 31, 2025. The company reported a net profit of RM120 million, significantly surpassing analysts' consensus forecast of RM80 million. Revenue also saw a 15% year-on-year increase, reaching RM1.8 billion, primarily driven by a gradual recovery in demand for medical gloves and improved production efficiencies. Buoyed by this positive news, Top Glove's share price surged as much as 3.5% during Friday's intraday trading, closing at RM0.90. The company's management expressed optimism about profitability in the coming quarters despite ongoing global economic challenges, focusing on cost optimization and market share consolidation.
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