Hartalega profit up 10%


Hartalega Holdings Bhds factory in Batang Berjuntai.

PETALING JAYA: Hartalega Holdings Bhd, the country’s biggest glove-maker in terms of market value, said first-quarter ended June 30 net profit has climbed 9.8% to RM62.7mil, as it benefited from a weaker ringgit and cheaper raw material prices.

Sales volume jumped 15.4% despite slower demand from China, a key export market. Revenue rose 14.8% to RM320.51mil from RM279.19mil.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , glove , hartalega , rubber

   

Next In Business News

Middle East turmoil poses major economic risk
Codelco explores new partnerships
Bank Indonesia steps in to support weaker rupiah
Sea of red on Bursa amid missile attacks in Middle East
US ties easing of Venezuela oil sanctions to fair elections
Cost of Lockheed F-35 jet deal lilkely to exceed US$1.5 trillion
Jentayu aims to sign PPA by mid-year
Serba Dinamik gets another extension
All eyes on oil price, ringgit
GDEX to diversify into IT services and solutions

Others Also Read