Top Glove expects dent to bottom line from gas tariff hike
PETALING JAYA: Top Glove Corp Bhd , the world largest glovemaker, expects the surprise natural gas tariff hike earlier this month to put a dent on its bottom line.
This is because of the lag time needed by the company to pass down the higher cost of production to its customers.
Managing director Datuk Lee Kim Meow targeted the company’s profitability would be impacted between 1% and 2% following the price adjustment.
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