KUALA LUMPUR, Feb 8 ― Hartalega Holdings Bhd’s net profit declined to RM256.1 million in the third quarter ended Dec 31, 2021 from RM1.0 billion in Q3 2021.
For the nine months ended Dec 31, 2021 , Hartalega’s revenue rose by 57.4 per cent year-on-year to RM6.92 billion. Meanwhile, in a separate statement, chief executive officer Kuan Mun Leong said the ASP of gloves has continued to decline from its peak in the first half of the financial year due to lower sales demand and increased supply from both major and new glove manufacturers.
Kuan said moving forward, Hartalega will continue to focus on its strategic long-term expansion plans to cater for the structural organic step-up in global demand for gloves, as glove usage is set to rise in the emerging markets on the back of growing hygiene awareness.
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