KUALA LUMPUR: Hartalega Holdings Bhd’s net profit increased 1.3 per cent to RM121.27 million in the third quarter (Q3) ended December 31, 2019 from RM119.76 million recorded in the same quarter a year ago. Its revenue in Q3 increased 10.1 per cent to RM796.55 million from RM723.39 million. Hartalega managing director Kuan Mun Leong said the results were driven by higher sales volume on the back of strong global demand for nitrile gloves. “With the remaining production lines set to come on-stream progressively, this will enable the group to continue catering to growing demand. For the nine-month period, Hartalega’s net profit rose 12.5 per cent to RM319.2 million from RM364.84 million, while revenue increased marginally to RM2.15 billion from RM2.14 billion.

Source: New Strait Times February 11, 2020 12:22 UTC