HLT posts lower earnings


Revenue was almost doubled to RM70.3mil from RM38.4mil a year ago, the company said in a filing with Bursa Malaysia.

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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

HLT Global , earnings , profit , revenue ,

   

Did you find this article insightful?

Yes
No

Next In Business News

Biggest players in short-selling are getting a pass
Nothing the stock market does ever scares retail daredevils
US Senate passes US$1.9 trillion relief bill
AirAsia Group plans air taxi, drone delivery service
Tengku Zafrul: Govt tapping into more data for effective aid
AirAsia recovering well via digital transformation
Texas grid operator made $16bil price error during winter storm, watchdog says
CPO futures to see quiet trading next week
Boeing 737 MAX declared emergency after engine shutdown, lands safely
Senate stalls on Biden's US$1.9tril COVID aid bill over jobless benefits fight

Stories You'll Enjoy


Vouchers