Hartalega chief executive officer Kuan Mun Leong said the group’s bottom line for the fourth quarter FY22 was a result of the normalisation of ASPs of gloves and normalised demand.
PETALING JAYA: Hartalega Holdings Bhd
posted a net loss of RM197.90mil in the fourth quarter ended March 31 from net profit of RM1.12bil a year ago, mainly due to the provision of Cukai Makmur or prosperity tax.
In a filing with Bursa Malaysia yesterday, the glove maker said its revenue for the quarter declined by 58% to RM968.69mil compared with RM2.31bil previously, dragged by lower average selling price (ASP) of gloves.
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