Hartalega earnings down on lower ASP, sales

In a filing with Bursa Malaysia yesterday, the group said its revenue plunged 52.8% to RM1.01bil during the quarter, compared with RM2.13bil in the corresponding period a year ago.

KUALA LUMPUR: Hartalega Holdings Bhd’s net profit tumbled 74.1% to RM259.06mil in its third quarter ended Dec 31, 2021, from RM1bil a year ago due to lower average selling price (ASP) and reduced sales volume for gloves.

In a filing with Bursa Malaysia yesterday, the group said its revenue plunged 52.8% to RM1.01bil during the quarter, compared with RM2.13bil in the corresponding period a year ago.