Apparel maker Makalot Industrial Co (聚陽實業) yesterday said that pretax profit grew more than 25 percent year-on-year last month, buoyed by a rapid recovery in demand as nations eased COVID-19 restrictions.
Profit expanded for a second consecutive month to NT$263.34 million (US$9.28 million) last month, compared with NT$210.18 billion in January last year, Makalot said in a filing with the Taiwan Stock Exchange.
That represented monthly growth of 26 percent from NT$208.85 million.
Makalot Industrial Co chairman Frank Chou is pictured at the Medical Taiwan International Medical, Health and Care Exhibition in Taipei on Oct. 15 last year. The company yesterday reported pretax profit expanded for a second consecutive month to NT$263.34 million last month, compared with NT$210.18 billion in January last year.
Earnings before tax jumped to NT$1.2 per share last month, from NT$0.945 a month earlier and NT$0.955 a year earlier, company data showed.
Revenue last month advanced 13.81 percent annually to NT$2.38 billion from NT$2.09 billion.
Last month’s strong results bode well for Makalot’s business outlook this year.
Company chairman Frank Chou (周理平) told investors in November last year that customer demand was recovering at a faster-than-expected pace, as some cities in the US and Europe ended lockdowns in the second half of last year.
Makalot makes apparel for Gap Inc, as well as Fast Retailing Co’s GU sub-brand, Kohl’s Corp, Target Corp, Walmart Inc and Hanesbrands Inc.
To cope with rapidly growing demand, the company plans to boost capacity at its major manufacturing sites in Vietnam and Indonesia.
To fund the expansion, Makalot plans to raise NT$2.99 billion through a rights issue.
It plans to offer 22 million new common shares with the price set at NT$136 each.
Makalot’s pretax profit expanded 10.89 percent year-on-year to a record NT$2.72 billion last year, compared with NT$2.45 billion in 2019. Earnings before tax surged to NT$12.36 last year from NT$11.13 in the prior year.
Revenue shrank 7.85 percent to NT$24.92 billion, compared with NT$27.05 billion in the previous year.
The US market contributed more than 70 percent to its revenue last year.
Separately, down jacket and outdoor garment maker Quang Viet Enterprise Co (廣越企業) saw revenue decline at a slower pace of 17.5 percent annually last month to NT$600 million.
On a monthly basis, revenue jumped 17.3 percent from NT$512 million.
Quang Viet said that it was a positive sign for a faster recovery.
Analysts are forecasting that revenue would regain its momentum from April, and gather pace in the second and third quarters.
Quang Viet counts Patagonia Inc, North Face and Adidas AG among its major customers.
3 in one Cycle Jersey 3 in one cycle jersey with functional wearable device to proceed ECG heartbeat, temperature adjustment and electrical massage. It enables to innovate your final product into a wearable era. It can develop in different scenario of each functions.
THE INTEGRATED ECG HEARTRATE FUNCTION ELIMINATES THE INCONVENIENCE OF USERS HAVING TO WEAR A WATCH OR CHEST STRAP. IT ENABLES THE PERFECT INTEGRATION OF TEXTILE AND WEARABLE DEVICE WITH HIGH COMFORTABILITY.
COMBINED WITH A SMART WEARABLE AT THE BACK NECK OF THE JERSEY, IT PROVIDES ADJUSTABLE TEMPERATURE FOR HUMAN BODY FOR COMFORTABLE RIDING EXPERIENCE.
THE BACKSIDE DESIGNED WITH ELECTRICAL STIMULATION MODULES, SIMILAR AS ELECTROTHERAPY THAT CAN REDUCE LONG TERM TENSION OF LOWER BACK MUSCLES.
WIIMONE ECG system WIIMONE combines smart sensor with textiles and garments. It has include professional fields to develop smart health monitoring solutions through patented material, novel design and fabric advantages.
The function of App upgraded as ECG waveform and it will be greatly optimized for QMS /TFDA medical certification shortly, so that the product can better meet the demand of the smart health field.
WIIM ONE is equipped with a smart health platform with real-time physiological measurement and a friendly user interface. It provides users with 24-hour monitoring, such as heart rate, sleep, water consumption, activity reports, etc., to assist daily life, health, and medical care. At the same time, through remote connection and data upload can optimize the user’s health monitoring and safety maintenance level.
The post Apparel maker Makalot’s profit rises 25% appeared first on Hunting and Hunting Gear Reviews.
Source: Huntinglife
