<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 8): Hartalega Holdings Bhd shares rose 2.92% this morning after its net profit rose 29.6% to RM124.87 million in its first quarter ended June 30, 2018 (1QFY19) from RM96.39 million a year ago, driven by higher sales achieved with favourable demand and additional production capacity.</p></div>

<div class=newsTextDataWrapInner><p>At 9.22am, Hartalega rose 18 sen to RM6.35 with 1.08 million shares traded.</p></div>

<div class=newsTextDataWrapInner><p>Lower costs of nitrile, chemical and upkeep of plant and machinery also contributed to the higher profit.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue also increased 17.5% to RM706.35 million from RM601.04 million a year ago in tandem with growing demand for nitrile gloves and continuous expansion in improving production capacity, with improved sales volume of 20.5%.</p></div>

<div class=newsTextDataWrapInner><p>Hartalega’s Plant 6 is set to start construction to bring an annual installed capacity of 4.7 billion pieces, while Plant 7, also in the expansion pipeline, will have capacity of 2.6 billion pieces tailored to small orders and focus more on specialty products.</p></div>


KUALA LUMPUR (Aug 8): Hartalega Holdings Bhd shares rose 2.92% this morning after its net profit rose 29.6% to RM124.87 million in its first quarter ended June 30, 2018 (1QFY19) from RM96.39 million a year ago, driven by higher sales achieved with favourable demand and additional production capac...

Hartalega up 2.92% on higher 1Q earnings 

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