Hartalega Holdings Berhad (KLSE: HARTA) ended its financial year ended 31 March 2021 on a high note.
The world’s largest nitrile glove maker saw its revenue, net profit and cash flow surge due to resurgence in global Covid-19 cases, pent-up buyer demand and supply shortages.
Here are 6 other interesting facts about the group’s latest earnings and recent corporate developments that investors should know about.
1. Record full-year revenue of RM6.70 billion
For the 12 months ended 31 March 2021, the group achieved a record revenue of RM6.70 billion, an increase of RM3.77 billion or 129.0% from the corresponding period in the preceding year. The higher sales revenue was mainly contributed by the increase in average selling price as well as sales volume.
Revenue for the quarter Q4 FY2021 amounted to RM2.30 billion, representing an increase of RM170.0 million or 8% as compared with the preceding quarter of Q3 FY2021....