By Jason Ng
Nikkei Markets
adds more earnings details, analyst's comment, closing share level
KUALA LUMPUR (Oct 13) -- Malaysian rubber glove maker Top Glove Corporation said Friday its net profit jumped 51% in the fiscal fourth quarter thanks to higher sales volume, and the company plans to acquire a packaging material firm to improve its supply chain.
Net profit for the three months ended Aug. 31 totalled 98.62 million ringgit ($23.39 million) compared with 65.32 million ringgit in the same quarter last year, Top Glove said in an exchange filing. Quarterly revenue rose 25% year-on-year to 902.42 million ringgit from 722.11 million ringgit.
