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aws账号(www.2km.me)_Hartalega posts RM914mil net profit in Q2

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PETALING JAYA: Hartalega Holdings Bhd posted a net profit of RM914.01mil in the second quarter ended Sept 30, 2021, a 67.72% jump over the previous corresponding quarter on the back of higher sale revenue from the increase in average selling price (ASP).

The group said revenue for the quarter under review rose 49.4% to RM2.01bil.

The board of directors declared a dividend per share of 35.2 sen as compared to 3.85 sen a share in the same quarter last year.

Year-to-date, net profit rose three-fold to RM3.17bil from RM764.68mil in the same period last year.

Revenue for the year-to-date period, meanwhile, rose 161% to RM5.91bil from RM2.27bil in the comparative period.

In a filing with Bursa Malaysia, the glove maker said ASPs for gloves have been declining from their peak in the first half of the financial year moving into the second half of the financial year.

“The tapering of average selling prices in recent months is due to the increasing supply from major glove makers as well as moderating demand because of customers adjusting inventories in view of declining selling prices,” it said.

However, it said the sector is expected to undergo a structural step-up in demand post-pandemic on the back of increased glove usage from emerging markets with low gloves consumption per capita and heightened hygiene awareness.

It added that the one-off special prosperity tax proposed during Budget 2022 could have a material impact on its earnings in the second half of the current financial year when it is gazetted.

“Moving forward, the group will continue to focus on improving efficiency and automation level across our operations.

“We remain optimistic of the longer-term prospects underpinned by growing demand for rubber gloves and ongoing expansion plans,” it said.


转载说明:本文转载自Sunbet。

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