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The Star – LKL Posts RM1mil Loss In Q2 On Lower Revenue

KUALA LUMPUR: Medical beds maker LKL International Bhd made a loss in the second quarter due to lower manufacturing and trading revenue. The company, however, is banking on recently secured glove supply contract to boost its performance. For the three-month ended Oct 31, LKL posted a net loss of RM1mil compared with a net profit of RM433,000 made a year ago. Revenue fell to RM9.6mil from RM10.67mil previously. The group had in September 2020 secured a glove supply contract of US$18.96mil (RM78.49mil) from Weihai Textile Group Import and Export Co Ltd, which the delivery has commenced in November. It has also signed a US$40mil (RM163mil) sales contract with Shang Hong International (Hong Kong) Limited for the supply of nitrile examination gloves, which will commence in December.

December 14, 2020

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