Top Glove cuts loss to $16.5m in 1Q24

The company narrowed its losses despite a lower revenue for the period.

Top Glove cut its losses to $16.5m (MYR 57.7m) in 1Q24 from $48.1m (MYR 168.2m) in the preceding quarter.

The company likewise narrowed its loss after tax to $13.5m (MYR 47.2m) from $45.1m (MYR 157.6m) in 4Q23.

In the same period, the company recorded earnings before interest, taxes, depreciation, and amortisation (EBITDA) of MYR 21m (+132% YoY) and a total positive cash inflow from operations of MYR 17m (+120% YoY) which are areas of priority for the group.

The group attributed its improved bottom line to its ongoing operational, quality and cost optimisation efforts, which helped mitigate the increase in raw material prices.

Additionally, the uptick in its sales volume, which led to increased utilisation and efficiencies, also had a positive effect on the bottom line.

1 SGD = 3.50 MYR

Follow the link for more news on

Top Glove Corporation

Also Read

BRC Asia acquires 55% stake in Southern Steel unit for $18.2m

Singapore’s pharma, chip sectors at risk from trade wars

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit