Photo from Freepik

Top Glove cuts losses to MYR 3.6m in Q4 as sales revenue surges 75% YoY

Sales volume also grew significantly. 

SGX-listed Top Glove significantly cut its losses to MYR 3.6m ($1.1m) in Q4 2024.

In Q4 2023, the company recorded a loss of MYR 461.7m ($140.6m).

The company attributed its improved financial standing to the increase in its sales revenue in Q4, which rose 75% YoY to MYR835m.

The company’s sales volume also grew significantly, increasing by 91% YoY. 

The company saw strong growth in the US, where volumes soared 120% quarter-on-quarter.

"Customers continued to replenish glove inventories, leading to higher utilisation rates and enhanced cost efficiency," the company said.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!