KUALA LUMPUR: Hartalega Holdings Bhd's second quarter profits ended September 2017 rose 60 per cent to RM113.34 million from RM71.22 million previously, thanks to higher medical glove sales and foreign exchange gains. In its filing to Bursa Malaysia today, Hartalega said it booked in RM7.8 million in foreign exchange gain compared with a previous RM4.4 million net foreign exchange loss. Its second quarter revenue also jumped 34 per cent to RM584.62 million, from RM436.98 million a year ago. Hartalega shares closed up 24 sen or 3.1 per cent to an all time high of RM8 at 5pm today. With a market capitalisation of RM13.2 billion, Hartalega continues its lead as the world's most valuable medical glove maker.

Source: New Strait Times November 07, 2017 14:48 UTC