Hartalega posts 119% jump in profit

Hartalega Holdings Bhd’s net profit surged 119.5% to RM22.23mil for the third quarter ended Dec 31 2008 from RM10.13mil in previous corresponding period.

In a statement to Bursa Malaysia yesterday, the rubber glove maker says the higher profit was due to improvements in the production process and favourable exchange rates as well as contribution from its new, advanced glove production lines, which have a higher capacity.