Hartalega’s Q1 net profit surges to RM2.26b on higher sales revenue | Malay Mail

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KUALA LUMPUR, Aug 3 ― Hartalega Holdings Bhd’s net profit for the first quarter (Q1) ended June 30, 2021 jumped to RM2.26 billion from RM219.72 million while revenue soared to RM3.90 billion versus RM920.08 million. In a statement today, chief executive officer Kuan Mun Leong said the...

Tuesday, 03 Aug 2021 02:29 PM MYT

“Moving forward, while average selling prices for nitrile gloves have been declining from its peak, global demand is expected to remain heightened, particularly due to new Covid-19 variants affecting countries worldwide,” he said. In addition, Kuan said that construction for the upcoming expansion, NGC 1.5, is currently underway, with the first production line targeted to be commissioned by December 2021.

 

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