World’s Largest Rubber Glove Maker Posts Record Profit
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Top Glove Corp., the world’s largest rubber gloves maker, posted a record first-quarter profit as the coronavirus pandemic continued to drive demand for protective equipment.
Net income jumped to 2.38 billion ringgit ($584 million) in the three months ended November, from 111.4 million ringgit in the year-ago period. Revenue almost quadrupled to 4.76 billion ringgit, according to an exchange filing on Wednesday.