Its CEO Kuan Mun Leong said: “Market demand was exceptionally strong during the quarter due to the unfortunate Covid-19 pandemic. With a new wave of cases emerging in the US, Latin America and India, along with upticks in other countries across the world, this surge in demand growth is expected to continue in the coming years."
KUALA LUMPUR: Hartalega Holdings Bhd
's net profit jumped 132% to RM219.72mil in the first quarter ended June 30,2020from RM94.06mil a year ago, underpinned by higher sales revenue, increased sales volume and higher average selling price.
The glove maker announced to Bursa Malaysia on Tuesday its revenue increased by 43.7% to RM920.08mil from RM640.10mil. Earnings per share were 6.49 sen compared with 2.81 sen. It declared an interim dividend of 2.1 sen a share compared with 1.9 sen.
Get 30% off with our ads free Premium Plan!
