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Taiwanese apparel firm Makalot's revenue jumps
Aug '12
Makalot Industrial Co, a leading Taiwanese apparel manufacturer, has registered a 27.43 percent year-on-year jump in its pre-tax earnings in July 2012, taking the company’s pre-tax earnings in the first seven months of the current year to NT$ 895 million.
The company’s revenues grew by 8.62 percent year-on-year to NT$ 7.872 billion during January-July period.
During the first quarter of 2012, the Taiwanese apparel brand exported 2.31 million dozen garments, followed by another 2.11 million dozen garments in the second quarter.
The company’s apparel exports in the third quarter are expected to cross 2.5 million dozen mark as it has bagged orders from some new customers.
Currently, the average sales price of Makalot’s garments is about 5 percent lower compared to last year owing to lower prices of raw materials and decrease in consumption.
However, the firm’s profit in 2012 is expected to be better than last year as the third quarter is the peak season and the company has received good number of orders.
Makalot’s decision to relocate several of its manufacturing lines from China to Cambodia and Indonesia in view of the rising wages in China would also help the firm in increasing its revenue and profit during the remaining part of the year.

Fibre2fashion News Desk - India

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