HLT Global reports robust growth in profit margins
KUALA LUMPUR: HLT Global Bhd, one of the smaller glove producers, said its gross profit margin climbed to 40% in the last quarter compared with barely 10% a year ago, as strong demand worldwide for protective gear boosted selling prices.
"The prospects for growth in the rubber glove industry are positive," it said in a filing with Bursa Malaysia today.
HLT Global registered a net profit of RM6mil in the three-month ended Dec 31 on Revenue of RM93mil.
For the full year, the company made a net profit of RM15.9mil on revenue of RM241mil.
The company derived more than 70% of its revenue from glove making, while the remaining was contributed by its glove-dipping line business.