Makalot Industrial Co (聚陽實業), an apparel supplier for global fashion brands including H&M and Zara, yesterday said last month’s revenue grew from the previous month and the same period last year on rising orders.
The Taipei-based company reiterated its revenue for this year is expected to grow between 15 percent and 20 percent from last year, partly due to an increase of average selling prices in the second half of this year, which analysts said would increase its revenue by up to 3 percent from a year ago.
In a filing to the Taiwan Stock Exchange, the firm said last month’s revenue came in at NT$1.49 billion (US$497.4 million), up 17.32 percent from NT$1.27 billion the previous month and 46.29 percent higher than the NT$1 billion posted in June last year.
The annual increase of 46.29 percent in last month’s sales followed a 26.18 percent rise in May and a decline of 2.25 percent in April.
Combined sales in the April-to-June quarter totaled NT$4.12 billion, down 4.19 percent from NT$4.3 billion the previous quarter, but up 16.38 percent from NT$3.54 billion a year ago, the company said.
“Orders from our Japanese and US clients increased steadily last month,” Makalot public relations manager Mavis Chiu (邱美惠) said by telephone yesterday.
“The yearly growth varied from month to month last quarter because our clients asked that we deliver products at different times,” Chiu said, adding that some clients postponed their shipments of summer clothes due to cold weather in their countries.
Makalot’s revenue for last quarter was in line with analysts’ forecasts of between NT$4.04 billion and NT$4.14 billion.
The company might see revenue reach a record high this quarter and post NT$18.84 billion in revenue for the whole year, up 18.71 percent from NT$15.87 billion last year, Fubon Securities Investment Services Co (富邦投顧) analyst Kerry Wu (吳致勤) said in a report on June 13.