Prosperity tax to impact forecast for Hartalega

However, the loss in earnings is expected to be mitigated by the stabilisation of nitrile rubber gloves’ ASP in the coming months.

PETALING JAYA: The one-off prosperity tax adjustment will impact Hartalega Holdings Bhd’s earnings in the fourth quarter (Q4) of financial year 2022 (FY22), as margins narrow led by inflationary pressures and a lower average selling price (ASP).

However, the loss in earnings is expected to be mitigated by the stabilisation of nitrile rubber gloves’ ASP in the coming months.