KUALA LUMPUR: Shares of Top Glove Corp Bhd is the second top gainer on Bursa Malaysia after the company reported its quarterly profit surged on increased glove demand. Top Glove’s net profit jumped 51.4% to RM117.57mil in the third financial quarter ended May 31, 2018 (3QFY18) from RM77.71mil in 3QFY17, due to an increased demand for gloves. Its revenue rose by 26.6% to RM1.10bil from RM869.64mil while earnings per share were 9.36 sen compared with 6.20 sen. Top Glove's net profit for the nine months ended May 31, 2018 rose by 41.8% to RM332.02mil from RM234.08mil in the previous corresponding period. Its revenue rose by 19.6% to RM2.997bil from RM2.506bil.

Source: The Star June 20, 2018 01:41 UTC