KUALA LUMPUR: Hartalega Holdings Bhd recorded strong earnings in the first half of the financial year but even that has proved disappointing given the anticipated implementation of the government's one-off special "prosperity" tax and declining glove average selling prices (ASP).
TA Securities Research said the glove maker's 315% increase in net profit year-on-year (y-o-y) to RM3.17bil came to 75.2% of its full-year forecast and 82.4% of that of consensus.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!