Thursday 15 October 2015

Record earnings for Top Glove, dividend 12 sen a share

Top Glove Corporation Bhd posted a strong set of earnings for the financial year ended Aug 31, 2015 underpinned by internal quality and cost efficiency improvements, strong US dollar and weak raw materials.

It announced on Thursday its FY15 earnings rose 55% to RM280.14mil from RM180.52mil in FY14. Its revenue increased by 10.3% to RM2.51bil from RM2.27bil.

For the four quarter, its earnings jumped 122% to RM103.12mil from RM46.32mil. Its revenue increased by 22.5% to RM709.44mil from RM579.11mil.

It announced a dividend of 12 sen a share.

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