Hartalega down on profit taking after reporting profit rise

Hartalega down on profit taking after reporting profit rise


KUALA LUMPUR (Jan 26): Hartalega Holdings Bhd’s share price fell in Bursa Malaysia morning trade today on profit taking after climbing yesterday ahead of the rubber glove manufacturer’s quarterly financial results announcement, which showed a significant rise in net profit and revenue from a year earlier.
At 9.02am today, Hartalega’s share price was 20 sen or 1.54% lower at RM12.80.
At RM12.80, Hartalega had a market capitalisation of about RM43.9 billion.
In a Bursa filing yesterday, Hartalega said net profit rose to RM1 billion for the third quarter ended Dec 31, 2020 (3QFY21), from RM121.27 million a year earlier, while revenue climbed to RM2.13 billion from RM796.55 million.

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