Top Glove plans expansion in response to record demand

摘要

MALAYSIA-Top Glove Corp.has reported record results for its third quarter and is looking to significantly expand production capacity to meet high demand resulting from the Covid-19 pandemic.Sales rose 42% year-on-year to RM1.7 billion(€354 million)in the three months to 31 May,marking the Malaysian company's highest ever quarterly revenue.Profit before tax rose 41 3% year-on-year to RM422 million,while net profit was up 365% at RM350 million,Top Clove's 11 June report also showed.