KUALA LUMPUR: HLT Global Bhd, a maker of glove-dipping lines and rubber gloves, reported a surge in quarterly revenue, but its earnings in the three-month ended Sept 30 were lower due to a sharp increase in operating expenses.
Net profit in the third quarter ended Sept 30 declined to RM2.36mil compared with RM2.7mil made a year ago.
Revenue was almost doubled to RM70.3mil from RM38.4mil a year ago, the company said in a filing with Bursa Malaysia.
HLT Global said gross profit rose to RM23mil from RM4.4mil a year ago, but the group incurred RM11.6mil in operating cost.
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