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apple developer:LKL banks on glove supply contract

admin2021-04-24134

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.(Pic shows LKL made products) 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 months 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 worth US$18.96mil (RM78.49mil) from Weihai Textile Group Import and Export Co Ltd, of which the delivery has commenced this month.
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