Tuesday, November 9, 2010

Hartalega 2Q net profit up 42% to RM47m

KUALA LUMPUR: HARTALEGA HOLDINGS BHD [] posted net profit of RM47.09 million in the second quarter ended Sept 30, 2010 from RM33.1 million a year ago as it benefited from an increase in demand and larger production capacity.

The glove maker said on Tuesday, Nov 9 revenue rose 37% to RM184.31 million from RM134.57 million.

Earnings per share were 12.96 sen compared with 9.11 sen a year ago. It declared an interim dividend of four sen per share.

'The significant achievement in revenue and profit before tax is in line with the group's continuous expansion in production capacity, increase in demand and improvement in production processes,' it said.


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