JAKARTA (The Jakarta Post/Agencies): Forest fires in some parts of Indonesia have declined and no haze had been detected moving to Malaysia, Environment and Forestry Minister said on Friday (Oct 6), a day after its neighbour urged Jakarta to take action as air quality worsened.
has maintained a positive industry outlook as gloves are an essential, single-use item in the healthcare, industrial and F&B sectors with no viable replacement, a strong indication of continual demand growth for gloves.“Over the quarters ahead, the group’s focus will be on improving the performance of its core glove business, particularly through quality and cost enhancement initiatives as well as innovation, to better meet the evolving needs of its customers,” Top Glove said in a statement.
“We are already seeing an uptick in sales volume month to month which indicates our customers’ glove inventory is close to being depleted. As the oversupply situation also continues to ease, we look forward to seeing global glove demand resuming its projected 8% to 10% growth per annum eventually and better times ahead”.
In the fourth quarter ended Aug 31, Top Glove posted a wider net loss of RM463.14mil, or loss per share of 5.78 sen compared with RM63mil, or 0.79 sen a year earlier.For the full financial year, Top Glove posted a net loss of RM926.6mil against a net profit of RM225.5mil a year prior while revenue more than halved to RM2.26bil from RM5.6bil a year earlier.
“Conversely, glove consumption has increased post-pandemic on the back of elevated levels of hygiene and health awareness. With this, we believe that glove demand will pick up gradually going forward,” Lim said.