Hartalega’s 4Q net profit surges to RM1.12b, dividend 17.7c a share

Hartalega chief executive officer Kuan Mun Leong (pic) said global demand for medical supplies including nitrile gloves is expected to remain elevated due to new waves of Covid-19 cases.

KUALA LUMPUR: Glove manufacturer Hartalega Holdings Bhd’s net profit surged to RM1.12bil in the fourth quarter ended March 31,2021 and jumped to RM2.88bil for the financial year as demand increased tremendously due to the impact of the global Covid-19 pandemic.

Announcing the super-normal profits on Tuesday, Hartalega, which is the largest producer of nitrile gloves in the world, said profit before tax (PBT) for 4Q rose to RM1.51bil on the back of a revenue of RM2.29bil.