Bookmark Article
Top Glove, the world’s largest rubber glove manufacturer based in Kuala Lumpur, Malaysia, reported a net loss of 61.8 million ringgit ($14.4 million) for the fiscal year ending in August, marking its second consecutive year of loss. The company experienced a surge in earnings during the COVID-19 pandemic due to high demand for medical gloves, but faced a downturn afterwards due to increased competition from Chinese glove makers.
Full Article
