Hartalega’s lower net profit indicates health of industry


Market factor: Analysts say the company’s performance can be a bellwether of the overall health of the stocks in the industry given its sizeable market share.

PETALING JAYA: Rubber gloves stocks fell after taking a cue from Hartalega Holdings Bhd which announced its financial results for its second quarter ended Sept 30, on Tuesday.

The biggest capitalised rubber glove maker on Bursa Malaysia and the market leader for nitrile gloves had reported a 13.6% lower net profit year-on-year (y-o-y) to RM103.87mil in its second quarter.

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