Hartalega Starts Financial Year Profitable With RM31 Million PAT
Hartalega Starts Financial Year Profitable With RM31 Million PAT
It also noted that Q1FY24 results was impacted by a one-off provision for severance pay of RM 47 million following the announcement of the decommissioning of Bestari Jaya facilityThe rubber glove industry has faced a sharp downturn in the wake of the post pandemic pent-up demand surge, influenced by global overcapacity, excess stockpiling of inventory, and heightened competition among regional and domestic manufacturers.Hartalega reported it first quarter results registering a higher revenue of RM584 million, an increase of RM144 million or 32.7% from the preceding year corresponding quarter (Q1FY24).
Hartalega報告了第一季度業績，營業收入達到了5,8400萬令吉，比去年同期(Q1FY24)增加了1,4400萬令吉，增長了32.7%。
The group said the notable revenue improvement was mainly attributable to improved sales volume and a marginal increase in average selling prices (ASP) during the period. However, it noted revenue was partially impacted by shipment delays amid the ongoing global shipment constraints. The Group registered a profit before tax of RM41 million while PAT was RM31 million during the quarter as compared with a loss of RM52 million in Q1FY24.
該集團表示，顯著的收入改善主要歸因於銷售量的提高和期間平均售價的小幅增長(ASP)。然而，它指出，由於全球運輸約束持續存在，其中一部分收入受到了裝運延遲的影響。在本季度，該集團的稅前利潤爲4,100萬令吉，稅後淨利潤爲3,100萬令吉，而在Q1FY24，該集團的虧損爲5,200萬令吉。
The glove maker said pProfitability improved on the back of higher revenue during the quarter, as well as lower operating costs driven by improved production efficiencies with higher capacity utilisation.
這個手套製造商說，本季度收入增加，經營成本降低，因爲提高產能利用率推動了生產效率的提高。
It also noted that Q1FY24 results was impacted by a one-off provision for severance pay of RM 47 million following the announcement of the decommissioning of Bestari Jaya facilityThe rubber glove industry has faced a sharp downturn in the wake of the post pandemic pent-up demand surge, influenced by global overcapacity, excess stockpiling of inventory, and heightened competition among regional and domestic manufacturers.
它還指出，Q1FY24的結果受到最新公告Bestari Jaya設施被廢除所致的4700萬令吉離職金一次性準備金的影響。由於全球產能過剩、庫存過多和區域和國內製造商之間的加劇競爭等因素，橡膠手套行業面臨着嚴重的衰退。
As for outlook, Hartalega said despite the challenges, there are early signs of improving demand for rubber gloves, driven by a gradual recovery in sales orders as pandemic stockpiles diminish. Moreover, actions taken by key domestic producers to streamline capacity and the exit of new entrants have alleviated some of the oversupply pressures. Consequently, the Group continues to ramp up production capacity in anticipation of a more favourable demand environment.
關於展望，Hartalega表示，儘管面臨挑戰，但由於疫情儲備量的減少，橡膠手套需求正在逐漸恢復，出現了改善的跡象。此外，關鍵國內製造商爲調節產能進行的調整已經緩解了一些供應過剩的壓力。因此，集團繼續增加產能以應對更有利的需求環境。
However, it does note on the headwinds that persist for the sector due to global oversupply, which is expected to continue exerting pressure on average selling prices as the market adjusts towards equilibrium. Additionally, the sector is facing ongoing shipping constraints arising from the Red Sea Crisis that have disrupted established trade routes causing shipment delays.
The longer-term prospects for the rubber glove sector remain intact as the Group foresees a return to, and expansion beyond, pre-pandemic levels of demand, driven by the fact that gloves are essential for the healthcare sector.
然而，它確實注意到該行業面臨着全球供應過剩的阻力，在市場向平衡調節的過程中，預計將繼續對平均售價施加壓力。此外，該行業面臨着由於紅海危機引起的持續運輸限制，這些限制破壞了已經建立的貿易路線，導致裝運延遲。
橡膠手套行業的長期前景仍然完好，因爲該集團預見到需求將回歸併超過疫情前的水平，這是由於手套是醫療保健部門必不可少的物品。
譯文內容由第三人軟體翻譯。