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6 Top Highlights From Top Glove Corporation Berhad’s Latest Earnings
By Value Invest Asia  •  June 23, 2021
Top Glove Corporation Berhad (KLSE: TOPGLOV) (SGX:BVA) recently reported its financial results for the third quarter ended 31 May 2021 (3Q FY2021).   The world’s largest rubber glove maker saw its sales revenue surge to RM4.16 billion, an increase of 147% compared with the corresponding period in the previous year, while profit after tax came in at RM2.06 billion, 490% higher than 3Q FY2020. Here are 6 other interesting facts about the group’s latest earnings that investors should know about. 1. Glove demand remains resilient On a 9-months basis, the group’s performance was robust, with sales revenue of RM14.29 billion, up 246% versus 9MFY2020. Profit after tax was also healthy at RM7.35 billion, surging 11.7 times year on year (YoY).     The group attributed the strong sales to continued demand for gloves globally amid the ongoing Covid-19 pandemic, which contributed towards the higher profit after tax YoY.  (Source: 3QFY2021 financial results) 2....
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By Value Invest Asia
Value Invest Asia started as a simple idea. While we are still studying for the Chartered Financial Analyst Program, three of us met at a CFA event. We were just starting out in our career but we found out even then, that not many people in the financial world are true believers of value investing ...
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