Hartalega Holdings Posts Higher Net Profit Of RM32.80 Mln In 2Q

KUALA LUMPUR, Nov 12 (Bernama) -- Hartalega Holdings Bhd posted a higher net profit of RM32.80 million in the second quarter (2Q) ended Sept 30, 2026, from RM18.29 million in the same period last year, driven by higher operating profit.

The glove manufacturer also said revenue rose to RM644.74 million in 2Q of financial year 2027 (FY2027), compared to RM539.66 million in 2Q FY2026, driven by higher average selling prices (ASPs), with sales volume broadly stable.

“Higher ASPs helped offset increased raw material costs, although these increases were not fully passed through to customers,” it said in a Bursa Malaysia filing today.

For the six months ended Sept 30, 2026 (6M FY2027), the group reported a higher net profit of RM102.83 million, compared to RM30.91 million in the same period last year.

It said the better performance was driven by higher ASPs, pricing discipline and ongoing cost optimisation initiatives, including tighter cost control and improved production efficiency, which helped offset higher raw material and unit production costs.

Revenue rose to RM1.25 billion in 6M FY2027, up from RM1.09 billion in the same period previously, driven by higher US dollar-denominated ASPs amid elevated raw material costs arising from the West Asia conflict, it said

On prospects, Hartalega said it will continue the progressive recommissioning of its production plants, namely Plant 3 and subsequently Plant 4.

It said the capital expenditure will remain focused on upgrading and automating manufacturing processes and production lines, including selected artificial intelligence-enabled applications.

-- BERNAMA