Hartalega’s revenue for the quarter surged to RM652.07mil from RM452.09mil a year earlier.
KUALA LUMPUR: Hartalega Holdings Bhd
says it faced a complex operating environment in its second quarter of financial year 2025 (2Q25), as capacity expansion costs coupled with foreign-exchange losses adversely impacted its short-term profitability.
Faced with these pressures, the group posted a net profit of RM8.63mil in 2Q25, down from RM27.7mil in the previous corresponding quarter.
The group’s earnings per share in 2Q25 slid to 0.25 sen from 0.81 sen previously. However, Hartalega’s revenue in the quarter surged to RM652.07mil from RM452.09mil in the year-ago quarter due to a significant 52% increase in its sales volume.
For the six-month period to Sept 30, 2024 (1H25), Hartalega said net profit was RM40.55mil as compared to a net loss of RM24.77mil before, while revenue rose to RM1.24bil from RM892.12mil in 1H24.
The board of directors declared a first interim dividend of 0.56 sen per share, with the entitlement date on Nov 27, 2024, and payable on Dec 11, 2024.
