Hartalega hit by competition


KUALA LUMPUR: The world’s largest synthetic glove manufacturer Hartalega Holdings Bhd’s net profit fell 14% to RM49.51mil for the third quarter ended Dec 31, 2014 from RM57.87mil in the previous corresponding period.

This was due to a lower average selling price from declining raw material prices, more competitive selling prices and an increase in electricity and natural gas cost.

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