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Sell rubber gloves makes more money than big tech

syed putra

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Another record as Top Glove hits RM2.87bil Q2 profit

FMT Reporters
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March 9, 2021 3:02 PM

TOP_GLOVE_HAND_GLOVE_06102020-13.jpg
Top Glove Corp Bhd is riding on the global demand for rubber gloves during the Covid-19 pandemic.
KUALA LUMPUR: Top Glove Corp Bhd posted a record profit in the second quarter (Q2) from December to February, as continued demand for gloves globally boosted sales.
The world’s leading producer of rubber gloves said today that profits soared to RM2.87 billion in the quarter, from RM2.4 billion in Q1.
The Q2 profit far exceeded the RM115.7 million recorded in the same period a year ago.
Top Glove has now reported record earnings for three consecutive quarters, benefitting from high demand for rubber gloves during the Covid-19 pandemic.
 
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