“We target two more quarters to turn to profit as the situation has improved. Starting from March onward, industry players from China and Thailand have increased selling prices by more than 10%. So, our selling prices will increase,” Top Glove executive chairman Tan Sri Lim Wee Chai told a virtual media and analysts’ briefing on Top Glove’s results for the second quarter ended Feb 29, 2023 (2QFY2024).

The group is expecting its revenue to jump by more than 20% in its 3QFY2024 ending May 31, after it observed increasing sales for March and April as well as an upward adjustment of the average selling price (ASP) of gloves.