Makalot Industries sees turnaround this month

Taipei Times
Date: Jun 20, 2017
By: Kuo Chia-erh / Staff reporter

Garment maker Makalot Industrial Co (聚陽實業) expects revenue to rebound this month on improving customer demand, which would end 15 consecutive months of decline, it said yesterday.

“We expect both revenue and earnings in the third quarter to improve from the same period last year,” president and chairman Frank Chou (周理平) told reporters on the sidelines of an annual shareholders’ meeting. “We added seven new brand clients last year, who will start to make a significant contribution to revenue in the second half [of the year].”

The company said it anticipates securing orders from five new customers by the end of this year.

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