HLT FY20 profit at RM16mil

HLT Global registered a net profit of RM6mil in the three-month ended Dec 31 on a revenue of RM93mil. For the full year, the company made a net profit of RM15.9mil on a revenue of RM241mil.

KUALA LUMPUR: HLT GLobal Bhd, one of the smaller glove producers, said its gross profit margin climbed to 40% in its final quarter compared with barely 10% a year ago, as strong demand worldwide for protective gear boosted selling prices.

HLT Global registered a net profit of RM6mil in the three-month ended Dec 31 on a revenue of RM93mil. For the full year, the company made a net profit of RM15.9mil on a revenue of RM241mil.

The company derived more than 70% of its revenue from glove making, while the remaining was contributed by its glove-dipping line business.