Top Glove expects dent to bottom line from gas tariff hike

TheStar Mon, Jul 22, 2019 07:45am - 4 years View Original


Managing director Datuk Lee Kim Meow(pic) targeted the company’s profitability would be impacted between 1% and 2% following the price adjustment.

Managing director Datuk Lee Kim Meow(pic) targeted the company’s profitability would be impacted between 1% and 2% following the price adjustment.

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.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

BURSA 7.450
GASMSIA 3.470
HARTA 2.750
KOSSAN 1.950
SUPERMX 0.820
TOPGLOV 0.800

Comments

Login to comment.