PETALING JAYA: Hartalega Holdings Bhd is decommissioning its Bestari Jaya facility to improve operational and cost efficiencies as it continued to face challenging market conditions in its financial year ended March 31, 2023 (FY23).

This group recognised a one-off impairment of RM347 million, resulting in a loss after tax of RM239 million for FY23. Nevertheless, excluding the impairment, the group registered a full-year profit after tax of RM108 million – achieved on the back of RM2.4 billion in revenue. The group’s net cash position on March 31 stood at RM1.6 billion .