if you want to buy apple account, choose buyappleacc.com, buyappleacc.com is a best provider within bussiness for more than 3 years. choose us, you will never regret. we provied worldwide apple developer account for sale.
PETALING JAYA: Not many businesses can credit an economic-bashing pandemic as the main reason that could seal their financial rupture from pre-Covid days.
For Komarkcorp Bhd, this would certainly be an achievement it wants to bask in as it banks on its new venture to pull the group out of the red.
The printing and labelling specialist took a bold step into the mask manufacturing business in June last year.
The printing and labelling specialist took a bold step into the mask manufacturing business in June last year through the incorporation of a wholly-owned subsidiary, Komark Mask (M) Sdn Bhd.
What started off with only three mask production lines in its Balakong factory-cum-headquarters has since been expanded to almost 30 lines and the group is now hunting for a new factory building to house 70 more lines.
If the expansion plan proceeds smoothly and if orders remain at current levels, Komarkcorp is optimistic that it would return to the black by the end of 2022.
The group, whose financial year end falls in April, has been bleeding for the past five financial years.
It posted a net loss of RM15.50mil for its latest financial year ended April 30, 2021.
Revenue from manufacturing masks came in at RM2.43mil, of which RM1.81mil was generated in the three-month period from February to April.
Group executive director Roy Ho said the real numbers for the mask business will be reflected in Komarkcorp’s first quarter figures for its current financial year, or from May to July.
It is expected to be at least 50% higher quarter-on-quarter (q-o-q), following which the group is targeting double the figure in the second quarter.
Komark Mask’s order book has been filled for the next two months.
Optimally, Ho said they should be hitting about RM8mil to RM10mil per quarter from manufacturing masks in terms of revenue, only from the Balakong factory, which produces a mixture of 3-ply earloop masks, 3-ply headloop masks for hijab-wearing consumers and KN95 masks.
They are also about to receive several machines to produce KF94 masks.
How all these started was during the peak of lockdowns last year that disrupted the global supply chains, which forced Komarkcorp back to the drawing board where it ultimately decided that it needed to pivot.
The group was still reeling from the effects of the trade tensions between the United States and China and the intensifying competition in the label printing industry when Covid-19 struck.
“We needed a get out of jail card quickly and a lower cost of entry so we decided to buy three machines initially to test the market.