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TOP GLOVE RECORDS HIGHER Q1 NET PROFIT.

BERNAMA The Malaysian National News Agency

| January 06, 2009 | COPYRIGHT 1999 Bernama - Malaysian National Agency. (Hide copyright information)Copyright

from BERNAMA, The Malaysian National News Agency KUALA LUMPUR, Jan 6 (Bernama) -- Top Glove Corp Bhd's pre-tax profit for the first quarter ended Nov 30, 2008 rose to RM43.3 million from RM34.6 million in the same quarter 2007.

Revenue rose by 15 percent to RM386.1 million from RM336.5 million previously.

In a statement here today, the rubber glove manufacturer said the significantly higher sales and profit were in line with its continuous expansion in output capacity, better quality control, improvement in cost efficiency and marketing strategy.

"The decline in oil and latex prices and favourable exchange rate also helped to increase profit," it …

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