Malaysia's Top Glove upbeat on growth, net profit edges higher

Continues to add production lines as demand remains firm, shares gain on outlook

20191217 top glove

Top Glove plans to have 861 production lines producing as much as 91.4 billion pieces of gloves by December 2021. (Photo courtesy of the company)

KUALA LUMPUR (Nikkei Markets) -- Malaysia's Top Glove Tuesday said robust demand from the health care sector will help power future growth after the world's largest glove maker by volume reported 1.2% annual increase in the fiscal first quarter net profit thanks to lower input costs.

"In the face of a difficult business environment, Top Glove remains upbeat in terms of outlook," the company said. "Industry prospects remain promising and to ensure we are well-positioned to tap the growing glove demand, we will continue to prioritize R&D, innovation."

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