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Nikkei Markets

World's largest glove-maker Top Glove expects 40% profit surge

Virus-led demand surge to boost second-half earnings

A worker inspects newly-made gloves at a Top Glove factory in Klang outside Kuala Lumpur.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysia's Top Glove Corporation expects profits to rise  by as much as 40% in its fiscal second half.

Helped by higher average selling price and weak input costs, the world's largest glove-maker by volume will operate at full plant capacity to meet a surge in demand due to the coronavirus outbreak.

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