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VIP Gloves Ltd sees 'tremendous growth potential'

VIP Gloves Ltd's (ASX:VIP) Sebastian Chang tells Proactive's Andrew Scott he expects the increase in revenue from nitrile glove production to continue into the financial year 2021. He says the revenue growth is attributed to higher average selling prices (ASP) of gloves, which is expected to remain buoyant in the short to medium term, and continual improvement in operating efficiencies of nitrile glove manufacturing operations following the commissioning of additional production lines.

Quick facts: VIP Gloves Ltd

Price: 0.062 AUD

ASX:VIP
Market: ASX
Market Cap: $46.24 m
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VIP Gloves announces 'generous' new dividend policy

VIP Gloves Ltd's (ASX:VIP) Sebastian Chang caught up with Proactive's Andrew Scott following the news the company has approved a new dividend policy whereby an annual dividend payout ratio of between 20% and 40% of earnings before significant items, subject to the company's financial position,...

on 8/12/20

2 min read