Top medical glove maker's profit slumps as pandemic ...- guantes price ,Dec 10, 2021·’s net profit for the September-November quarter plunged 92% from a year earlier to 185.7 million ringgit ($44.04 million). Revenue tumbled 67% to 1.58 billion ringgit. Average selling prices fell and customers were replenishing stocks cautiously as they expected a further decline in glove prices, the company said. Corporation Berhad (TOPGLOV) Stock Price & News ...Get the latest Corporation Berhad (TOPGLOV) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
Dec 10, 2021·’s net profit for the September-November quarter plunged 92% from a year earlier to 185.7 million ringgit ($44.04 million). Revenue tumbled 67% to 1.58 billion ringgit. Average selling prices fell and customers were replenishing stocks cautiously as they expected a further decline in glove prices, the company said.
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Dec 13, 2021·’s 1QFY22 (Sep 2021 to Nov 2021) core net profit of RM186m (-70% q-o-q, -93% y-o-y) was below our and consensus expectations. 1QFY22 earnings accounted for 10% of both our and consensus full-year estimates.The negative deviation is due to softer-than-expected volume sales and ASPs. Both incidences are attributed to customers remaining …
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Dec 10, 2021·KUALA LUMPUR: Corporation Bhd’s net profit for the first quarter ended Nov 30, 2021 (Q1 2022) dropped to RM185.72 million from RM2.36 billion recorded in the same quarter last year ...
Dec 09, 2021·KUALA LUMPUR, Dec 9 — Corporation Bhd remained in the red with more than one per cent loss ahead of the release of its first quarter financial year 2022 (Q1 FY2022) results. The glove maker will be releasing its Q1 results ended Nov 30, 2021 tomorrow. At 12.30pm, the counter eased three sen to RM2.41 with 8.42 million shares traded.
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Dec 10, 2021· Corporation Bhd says customers have taken a cautious stance and placed restocking activity on hold in anticipation of a further tapering in glove prices. – AFP pic, December 10, 2021 KUALA LUMPUR – Corporation Bhd’s net profit for the first quarter ended November 30, 2021 (Q1 2022) dropped to RM185.72 million from RM2 ...
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Dec 08, 2021·In October, slashed for a second time the amount it aims to raise from the Hong Kong listing to HK$3.68 billion ($473 million), or less than a quarter of its initial target.
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Nov 07, 2021·At Bursa Malaysia on Friday (Nov 5, 2021), 's share price closed down one sen or 0.4% to RM2.48 for a market value of about RM20.36 billion based on the company's 8.21 billion issued shares.
Dec 08, 2021·In October, slashed for a second time the amount it aims to raise from the Hong Kong listing to HK$3.68 billion ($473 million), or less than a quarter of its initial target. The company could raise about HK$4.24 billion if the over-allotment option is fully exercised, it …
Dec 10, 2021· was among the early beneficiaries of the pandemic as demand for its protective rubber gloves surged with rising infections, …
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Dec 10, 2021·(Reuters) -Malaysia’s said on Friday its quarterly profit had been nearly wiped out, adding that it expected the business environment in the …
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Sep 20, 2021·Shares of Malaysia’s , the world’s largest medical glove maker, have fallen by more than 50% this year as the rollout of Covid-19 vaccinations worldwide dampened demand for gloves ...
Dec 13, 2021·'s 1QFY22 revenue declined by -24% q-o-q, -67% y-o-y on: . lower sales volume (-0.4% q-o-q, -34% y-o-y%) especially for nitrile and vinyl gloves due to rising competition, lower blended ASP of US$32/k pcs (-33% q-o-q; vs our ASP assumption of US$34/k pcs for 1QFY22) and
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