Top Glove Corporation Bhd announced its latest quarterly earnings, showing a significant narrowing of losses, exceeding market expectations. Boosted by this positive news, the company's shares surged 3.5% today to RM0.90.
Top Glove Corporation Bhd, the world's largest glove manufacturer, today released its latest quarterly results for the period ended November 30, 2025. The report showed a significant narrowing of net losses from RM164 million in the previous quarter to RM55 million, far exceeding analysts' consensus estimates. Revenue also increased from RM493 million to RM580 million. The company attributed the narrowed losses primarily to increased sales volume, improved operational efficiency, and stabilizing raw material costs. Boosted by this news, Top Glove's share price surged by as much as 5% intraday, eventually closing 3.5% higher at RM0.90. Market analysts believe this indicates a gradual recovery in the glove industry, and despite intense competition and overcapacity issues, Top Glove has demonstrated resilience in cost control and market share.
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