HLT Global reports robust growth in profit margins 


KUALA LUMPUR: HLT Global Bhd, one of the smaller glove producers, said its gross profit margin climbed to 40% in the last quarter compared with barely 10% a year ago, as strong demand worldwide for protective gear boosted selling prices.

"The prospects for growth in the rubber glove industry are positive," it said in a filing with Bursa Malaysia today.

HLT Global registered a net profit of RM6mil in the three-month ended Dec 31 on Revenue of RM93mil.

For the full year, the company made a net profit of RM15.9mil on revenue of RM241mil.

The company derived more than 70% of its revenue from glove making, while the remaining was contributed by its glove-dipping line business.

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