Hartalega to review glove prices as material cost rises

The company also noted that future price hikes for its products were possible, following the rise in the cost of raw materials.

PETALING JAYA: Glovemaker Hartalega Holdings Bhd posted a lower net profit in its third quarter ended Dec 31, 2016, caused by the revaluation of its US dollar-denominated loan and fair value loss of foreign-exchange forward contracts.

In a filing with Bursa Malaysia, the company said its net profit narrowed by about 9% to RM66.23mil compared with RM72.79mil registered in the previous corresponding period.