Malaysia’s Top Glove logs net loss for second year running

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.

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