“Nonetheless, Hartalega is confident that this new capacity will gradually be taken up in the coming quarters as industry players regulate expansion and market demand for rubber gloves continues to grow globally, ” Hartalega’s managing director Kuan Mun Leong (pic)
PETALING JAYA: Hartalega Holdings Bhd
’s net profit for its first quarter ended June 30 declined some 24% from a year ago to RM94.06mil due to lower sales volume and higher packaging, electricity, heat and labour costs.
First quarter revenue also dropped in tandem by 9% to RM640.10mil from a year ago due to a decrease in sales volume, the company said in a filing with Bursa Malaysia.
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