Hartalega’s 2Q net profit rises to RM32.80 million
Quarterly revenue reached RM644.74 million as higher average selling prices supported earnings, while sales volume remained broadly stable.
Hartalega Holdings Bhd reported RM32.80 million in net profit for its second quarter ended Sept 30, 2026, against RM18.29 million a year earlier. The glove manufacturer attributed the improvement to higher operating profit in its Bursa Malaysia filing.
Revenue for 2Q FY2027 increased to RM644.74 million from RM539.66 million in 2Q FY2026. Hartalega said higher average selling prices (ASPs) drove the increase, while sales volume was broadly stable. The pricing gains offset some of the rise in raw material costs, which was not fully passed on to customers.
For 6M FY2027, the group recorded net profit of RM102.83 million, compared with RM30.91 million a year earlier. Revenue increased to RM1.25 billion from RM1.09 billion, which it attributed to higher US dollar-denominated ASPs as the West Asia conflict kept raw material costs elevated.
Hartalega said pricing discipline and cost optimisation also supported its six-month performance. Tighter spending controls and better production efficiency helped counter increases in raw material costs and production costs per unit.
The group said it will progressively recommission Plant 3, followed by Plant 4. Capital spending will continue to prioritise manufacturing upgrades and automation across processes and production lines, including selected applications enabled by artificial intelligence.
