Top Glove cuts losses to MYR 3.6m in Q4 as sales revenue surges 75% YoY

Sales volume also grew significantly.

SGX-listed Top Glove significantly cut its losses to MYR 3.6m ($1.1m) in Q4 2024.

In Q4 2023, the company recorded a loss of MYR 461.7m ($140.6m).

The company attributed its improved financial standing to the increase in its sales revenue in Q4, which rose 75% YoY to MYR835m.

The company’s sales volume also grew significantly, increasing by 91% YoY.

The company saw strong growth in the US, where volumes soared 120% quarter-on-quarter.

"Customers continued to replenish glove inventories, leading to higher utilisation rates and enhanced cost efficiency," the company said.

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Top Glove Corporation

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