PETALING JAYA: Hartalega Holdings Bhd
’s net profit rose 79.3% to RM32.8mil in the second quarter ended Sept 30, 2026 (2Q27), from RM18.3mil a year earlier, driven by higher average selling prices (ASPs) and improved operating efficiency.
Quarterly revenue increased 19.5% to RM644.7mil from RM539.7mil previously, supported by higher ASPs while sales volume remained broadly stable.
The glove manufacturer said higher selling prices helped offset increased raw material costs, particularly nitrile prices, which rose significantly amid the Middle East conflict.
Operating profit nearly tripled to RM40.4mil from RM13.7mil, reflecting tighter cost controls and improved production efficiency. “This improvement reflects pricing discipline and the group’s ongoing cost optimisation initiatives, including tighter cost control and improved production efficiency, which helped offset higher unit production costs,” it said.
For the first six months of financial year 2027, Hartalega’s net profit more than tripled to RM102.8mil from RM30.9mil, while revenue rose 14.4% to RM1.25bil from RM1.09bil.
“This growth was primarily driven by higher US dollar-denominated ASPs amid elevated raw material costs arising from the Middle East conflict. The increase was partially offset by the adverse impact of foreign exchange movements – namely the strengthening of the ringgit against the US dollar – as well as marginally lower sales volume during the period,” Hartalega said.
