Hartalega

HARTALEGA Holdings Bhd saw a marginal dip in net profit to RM14.48 million for the fourth quarter ended March 31, 2025 (4Q25), down from RM14.90 million a year ago, as lower non-operating income offset gains from improved operations.

Quarterly revenue rose 15.31% to RM611.55 million, supported by a 9% increase in sales volume and a 6% rise in average selling prices.

For the full year, net profit surged to RM74.54 million from RM12.50 million, with revenue climbing 40.76% to RM2.59 billion.

The group sees a gradual recovery in glove demand in 2025, supported by restocking and trade shifts amid US-China tensions, though challenges like oversupply and stiff competition remain.

Hartalega plans to ramp up capacity in line with demand and continue boosting efficiency through automation and sustainability initiatives. — TMR