Loss-making Hartalega rebounds to nine-month high amid better than expected financial results
09 May 2023
KUALA LUMPUR (May 9): Hartalega Holdings Bhd’s share price staged a strong rebound although it reported a large quarterly net loss of RM302.75 million and a big drop in revenue for the fourth quarter ended March 31, 2023.
The buying interest was mainly because the latest set of earnings figures came in better than expected on quarterly comparison. The tone of Hartalega’s management also appeared more upbeat compared with the previous quarter, according to analysts.
Hailey Chung (2023, May 9) Loss-making Hartalega rebounds to nine-month high amid better than expected financial results.
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