KUALA LUMPUR—Malaysia’s Top Glove Corp. Bhd posted on Friday a 48 percent drop in its fourth-quarter earnings as the steady rollout of vaccines worldwide pulled down the demand for gloves.
The world’s largest medical glove maker recorded a net profit of 607.9 million ringgit ($145.88 million) during June-August, compared with 1.17 billion ringgit a year ago, lagging behind the 8.69 billion ringgit estimate by analysts in a Refinitiv poll.