KUALA LUMPUR: Top Glove Corp Bhd targets net profit and revenue to grow by 10%, says'' chairman Tan Sri Lim Wee Chai.
He said demand for latex gloves would continue to remain strong on the back of increased healthcare awareness and threats of diseases.
"We've had profit CAGR of more than 50% in the past two years but it is almost impossible to grow at that rate anymore," Lim said at a briefing for analysts and the media on Tuesday, Oct 12.
The company is on track to increase its annual capacity to 41.25 billion pieces of gloves from 33.75 billion pieces presently after its new factories are opened by August 2011.
He said demand for latex gloves would continue to remain strong on the back of increased healthcare awareness and threats of diseases.
"We've had profit CAGR of more than 50% in the past two years but it is almost impossible to grow at that rate anymore," Lim said at a briefing for analysts and the media on Tuesday, Oct 12.
The company is on track to increase its annual capacity to 41.25 billion pieces of gloves from 33.75 billion pieces presently after its new factories are opened by August 2011.
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