KUALA LUMPUR (Aug 4): Hartalega Holdings Bhd (KL:HARTA) reported a near-sixfold earnings jump in its recently ended quarter as higher average selling prices boosted margin and offset lower volume.

This is Hartalega's highest quarterly earnings since the three months ended June 2022 (1QFY2023), when it booked net profit of RM88.3 million on revenue of RM845.7 million.

Net profit at the world’s largest nitrile glove manufacturer by volume was RM70.03 million in the three months ended June 30, 2026 (1QFY2027) compared to RM12.61 million in the same quarter a year earlier, according to an exchange filing. Revenue for the quarter rose 9.5% year-on-year to RM605.75 million.

Hartalega, however, cautioned that “near-term conditions are expected to remain challenging” amid uncertainties surrounding US trade policy and Middle East conflict volatilities.

The company also continued to flag excess capacity that led to intensifying price competition and pressure on volumes and margins across the industry, particularly in Europe, Asia and emerging markets.

No dividend was declared for current quarter.

The group is currently sitting on a net cash position of RM1.12 billion, comprising cash, bank balances and short-term investments of RM1.13 billion at end-June against loans and borrowing of RM7.61 million.

Hartalega shares rose furhter after the results announcement, ending the day six sen or 6% higher at RM1.06, valuing the company at about RM3.63 billion.