Thursday, June 24, 2010

Top Glove sees earnings up 70% on FY10

KUALA LUMPUR: Top Glove Corp Bhd sees its earnings for the financial year ending Aug 31, 2010 to be between 70% and 80% higher than FY09.

It said on Thursday, June 24 that it expected FY11 earnings to increase by 20% from FY10.

The company said the FY10 projection was based on the nine-months earnings for the period ended May 31, 2010 where it reported net profit of RM200.22 million versus RM112.32 million in the previous corresponding period.



Written by Koo Jie Ni
The Edge Malaysia

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