Credit : Bernama
KUALA LUMPUR, November 12, 2026 – Hartalega Holdings Bhd has reported a higher net profit of RM32.80 million for the second quarter ended September 30, 2026, up from RM18.29 million in the same period last year, driven by a stronger operating profit, according to Bernama, citing a Bursa Malaysia filing.
The glove manufacturer said revenue rose to RM644.74 million in the second quarter of financial year 2027, from RM539.66 million a year earlier. The increase was driven by higher average selling prices, with sales volumes described as broadly stable. “Higher ASPs helped offset increased raw material costs, although these increases were not fully passed through to customers,” the company said in the filing.
The six-month figures show a sharper improvement. For the period ended September 30, 2026, the group reported a net profit of RM102.83 million, compared with RM30.91 million in the same period last year. Hartalega attributed the better performance to higher average selling prices, pricing discipline and ongoing cost optimisation, including tighter cost control and improved production efficiency, which it said had helped to offset higher raw material and unit production costs.
Revenue for the six months rose to RM1.25 billion, from RM1.09 billion previously. The company said the increase was driven by higher US dollar-denominated average selling prices, even as raw material costs were elevated because of the conflict in West Asia. Those are the company’s own explanations, as carried by Bernama, and have not been independently audited in this report beyond the published filing.
Looking ahead, Hartalega said it would continue the progressive recommissioning of its production plants, namely Plant 3 and, subsequently, Plant 4. It also said capital expenditure would remain focused on upgrading and automating manufacturing processes and production lines, including selected artificial intelligence-enabled applications. Capital expenditure, it said, would remain focused on upgrading and automating manufacturing processes and production lines, including selected applications enabled by artificial intelligence. No timetable for the full return of those plants, and no figure for the capital spending, was included in the Bernama account of the filing.
The second-quarter profit is still a modest absolute number for a company of Hartalega’s size, but the year-on-year comparison, and especially the six-month jump from RM30.91 million to RM102.83 million, is the central fact of the announcement. Higher prices, rather than a surge in volume, did the work. The company was also frank that it had not passed the entire rise in raw material costs through to customers.
Whether prices hold, plants restart on schedule and input costs ease are questions that sit outside Thursday’s filing. No dividend was mentioned in the Bernama account of the second-quarter filing. The filing was made to Bursa Malaysia and carried by Bernama on November 12. What it settles is the score for the quarter and the half: profit and revenue are up, volumes are stable, and the company’s answer is a mix of pricing, discipline and a gradual restart of idle plant.
Source : Bernama, Hartalega Holdings Posts Higher Net Profit Of RM32.80 Mln In 2Q.
Credit : Bernama

