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Garment maker Makalot posts drop in pre-tax profits
Jul '11
In the first five months of 2011, Taiwanese clothing producer, Makalot Industrial Co., reported revenues of NT $5.931 billion (US $197.7 million).

Pre-tax profits fell marginally by 1.6 percent year on year to NT $537 million ( US $17.9 million).

According to the Chairman, Mr LP Chou, this year, they have faced challenges like hike in Chinese labour wages, appreciation of the Taiwanese dollar and unstable supply of raw materials.

To face up to challenges of rising wages in China, the garment maker has reduced its proportion of operations in China from 22 percent last year to 11 percent this year.

At the same time, Makalot which operates from a number of Asian countries hiked its operations in countries like Indonesia, Philippines, Vietnam and Cambodia.

In 2010, the leading garment producer had posted sales of NT $14.135 billion (US $471.17 million) and after-tax profits totaling to NT $917 million (US $30.57 million).

Fibre2fashion News Desk - India

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