Thursday, June 24, 2010

#Flash* Top Glove sees FY10 earnings up 70% on-yr

KUALA LUMPUR: Top Glove Corp Bhd sees its earnings for the financial year ending Aug 31, 2010 to be between 70% and 80% higher than FY09.

It said on Thursday, June 24 that it expected FY11 earnings to increase by 20% from FY10.

The company said the FY10 projection was based on the nine-months earnings for the period ended May 31, 2010 where it reported net profit of RM200.22 million versus RM112.32 million in the previous corresponding period.

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