Hartalega gains from nitrile gloves demand, volumes

Kuala Lumpur – Malaysian rubber gloves manufacturer Hartalega sdn bhd has registered a strong financial year, with a 10% growth in profit after tax at RM283 million (€55.7m).

In the financial year ended 31 March, sales grew 21.6% to RM1.822 billion from RM1.498 billion the previous year.

In a report published 2 Aug, the company said improved performance was driven by its next generation integrated glove manufacturing complex (NGC), which “helped increase production capacity via additional high capacity production lines, as well as enhanced operating efficiencies.”

Robust demand for nitrile gloves and higher sales volume coupled with the stronger US dollar also contributed to our higher revenue.

During the year, Hartalega invested a total of RM240 million in capital expenditure, which was mainly for the continuous capacity expansion at the NGC, as well as ongoing automation and cost optimisation measures.