Fri, Sep 06, 2013 - Page 14 News List

Makalot shares jump on strong August sales report

By Camaron Kao  /  Staff reporter

Apparel maker Makalot Industrial Co (聚陽) saw its shares jump 6.41 percent yesterday, outperforming the broader market’s 1.06 percent rise, after it reported that revenue last month rose 35.04 percent from a year earlier

Analysts said the strong sales growth last month could help the company post double-digit sales growth for this quarter sequentially and annually.

Revenue rose to NT$1.57 billion (US$52.62 million) last month, from NT$1.16 billion a year ago, Makalot said in a filing to the Taiwan Stock Exchange on Wednesday. The figure was 6.08 percent higher than the NT$1.48 billion recorded in July.

Makalot public relations manager Mavis Chiu (邱美惠) attributed the revenue increase to higher average selling prices for winter clothes and increasing orders from Asian apparel companies.

Chiu forecast that the company’s shipments for this quarter would increase to about 2.8 million dozen, from 2.55 million dozen last quarter.

Makalot’s revenue is expected to reach NT$5.58 billion this quarter, up 35.2 percent from NT$4.16 billion last quarter and 21.3 percent from NT$4.6 billion the previous year, SinoPac Securities Co (永豐投顧) said in a note yesterday.

Its earnings per share are forecast to rise to NT$2.39 this quarter, from NT$1.68 last quarter and NT$2 a year ago, the note said.

From January through last month, Makalot’s revenue rose 14.74 percent year-on-year to NT$11.47 billion, the company said in the filing.

Yuanta Securities Corp (元大證券) said Makalot is likely to report a full-year revenue increase of 20 percent, which is in line with the company’s guidance.

This story has been viewed 1774 times.
TOP top