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Hartalega's net profit for Q3 increases to RM119.34 million

Last update: 12/02/2019
KUALA LUMPUR, Feb 12 (Bernama) -- Hartalega Holdings Bhd’s net profit for the third quarter ended Dec 31, 2018, increased to RM119.34 million compared with RM113.86 million recorded in the same period a year before.

Revenue rose to RM723.39 million from RM603.14 million previously, the group said in a filing with Bursa Malaysia today.

Managing Director Kuan Mun Leong said the group expected the challenging business environment to persist, given heightening competition and increased costs such as minimum wage hike, higher natural gas tariff and additional costs associated with social compliance.

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