KUALA LUMPUR (Feb 10): Hartalega Holdings Bhd (KL:HARTA) said on Tuesday its net profit rose 62% in the December-end quarter from a year earlier as tax credit offset a slump in revenue. “In the near term, however, market conditions remain challenging,” Hartalega said, flagging uncertainties surrounding US tariff policies and competition from Chinese rivals in non-US markets, particularly in Europe and emerging markets, amid an industry glut. A deluge of Chinese-made gloves in non-American markets has also added to the pressure faced by Malaysian manufacturers. Net profit for the cumulative three quarters of the financial year totalled RM62.55 million, just 4% higher when compared to the same period a year earlier, amid higher tax expense. Revenue for the nine-month period fell 18% year-on-year to RM1.62 billion amid lower sales volume and foreign exchange impact as stronger ringgit reduced US dollar receipts.

Source: The Edge Markets February 10, 2026 05:42 UTC