Top Glove Corporation Berhad (SGX: BVA) continues to face a host of problems even as its share price slides to a six-year low of S$0.20. The glove maker released its fourth quarter (4Q2022) and full fiscal 2022 (FY2022) earnings this week. Disappointingly, the company logged its very-first quarterly loss and warned that tough conditions look set to continue. Here are some highlights from the glove manufacturer’s latest earnings. A write-off and quarterly loss With glove demand normalising as the effects of the pandemic wear off, Top Glove saw revenue for 4Q2022 fall sharply by more than half from RM 2.1 billion to RM 990 million. Operating expenses, however, only fell by 28.4% year on year to RM 1.1 billion. As a result, Top Glove booked an operating loss of RM 41 million and its maiden quarterly net loss of RM 52.6 million. The loss occurred after the glove maker wrote down the value of its inventory due to the sharp plunge in average selling prices (ASPs)....