Hartalega 3Q net profit up on higher sales volume
KUALA LUMPUR (Feb 11): Hartalega Holdings Bhd posted a marginal 1.27% increase in its latest quarterly net profit to RM121.27 million or 3.6 sen per share, from RM119.76 million or 3.6 sen per share a year earlier, thanks to higher sales volume.
Revenue for the third quarter ended Dec 31, 2019 rose 10.11% to RM796.55 million, from RM723.39 million previously, the glove maker said in a filing with Bursa Malaysia.
“Demand growth is expected to continue, particularly in the near-term, given the ongoing coronavirus outbreak in China," Hartalega managing director Kuan Mun Leong said in a separate statement.……
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