Hartalega Holdings Berhad (Hartalega), the world’s largest synthetic glove manufacturer, continues to deliver consistent results. The Group recorded an excellent performance for its financial year ended 31 March 2017, registering improved top and bottom line growth with a profit after tax (PAT) of RM283.0 million and a profit before tax (PBT) of RM348.9 million, on the back of a strong revenue of RM1.822 billion.
This momentum continued in the first quarter of its current financial year ended 30 June 2017. The Group posted a higher PAT of RM96.4 million, up by 71% compared with RM56.3 million in the previous year’s corresponding quarter. PBT jumped by 69.9% to RM115.7 million from RM68.1 million in last year’s corresponding quarter, while revenue grew by 49.6% to RM601.0 million compared with RM401.8 million in the same quarter last year.
Kuan Mun Leong, Managing Director, Hartalega Holdings Berhad, said, “We are pleased to deliver consistent results and kick off our current financial year on a high note. Our strong performance is testament to our foresight in implementing our strategic growth plans, which have been progressing well over the past few years driven by our Next Generation Integrated Glove Manufacturing Complex (NGC).”
“The NGC has enabled us to not only expand our capacity, but also increase productivity and enhance efficiencies. With the NGC propelling the Group forward, Hartalega is indeed well-prepared to meet the growing global demand for high quality nitrile gloves in the years to come.”
At Hartalega’s Annual General Meeting, the Group recommended a final dividend of 2.5 sen per share single tier in respect of the financial year ended 31 March 2017, in order to reward shareholders for their continuous support. This brings the total dividend paid out for the 2017 financial year to 8.5 sen per share.