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Health Care

Top Glove profits and sales soar on COVID-19 demand

Malaysian manufacturer confident of resilient orders despite vaccine rollout

A worker leaves a Top Glove factory after his shift in Klang, Malaysia, on Dec. 7, 2020.   © Reuters

KUALA LUMPUR -- Top Glove, the world's largest latex glove maker, on Tuesday announced a surge in net profit and sales for the three months through February on increases in revenue and average selling prices, saying it sees no signs of a slowdown in demand despite the global rollout of COVID-19 vaccines.

Net profit for the Malaysia-based company soared twentyfourfold in the period from December through February, to 2.87 billion ringgit ($695 million) from the year-earlier quarter. Revenue increased 336% to 5.37 billion ringgit.

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