KUALA LUMPUR: Top Glove Corporation Bhd net profit for the third quarter ended May 31, 2010 rose 52.9% to RM64.48 million from RM42.17 million a year ago, on the back of continued increase in demand for gloves.

The company also declared a first interim single tier dividend of 14 sen net per share. Its revenue rose to RM555.85 million from RM371.97 million. Earnings per share was 21.31 sen. For the nine months ended May 31, Top Glove's net profit surged 78.2% to RM200.22 million from RM112.32 million, on the back of revenue RM1.54 billion. In a filing to Bursa Malaysia, Top Glove said the group continued with its strong profit growth momentum as demand for gloves continue to increase, especially from the emerging markets and also benefiting from cost saving measures implemented at all factories, improvements in product quality, productivity, as well as aggressive marketing strategies to maintain its world number one market position. '

Top Glove, the world's largest rubber glove manufacturer with its good and established corporate culture, has always strove toward its business direction of consistently producing top quality gloves with efficient low cost. 'It has forged ahead strongly with specific efforts undertaken to improve and innovate its glove quality, marketing strategies, productivity enhancement and cost efficiency,' it said.

Top Glove said it currently had 20 factories, 371 production lines with production capacity of 33 billion pieces of gloves per annum and 10,900 employees, with more than 900 customers worldwide and exports to more than 180 countries.