Top Glove Corporation Bhd (KLSE:TOPGLOV) First Quarter 2024 Results

Key Financial Results

• Revenue: RM493.5m (down 22% from 1Q 2023).

• Net loss: RM57.7m (loss narrowed by 66% from 1Q 2023).

• RM0.007 loss per share (improved from RM0.021 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Top Glove Corporation Bhd Earnings Insights

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Medical Equipment industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 2.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Top Glove Corporation Bhd's balance sheet health.

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