LKL Q3 net profit dips 87.5pc despite higher revenue
KUALA LUMPUR: LKL International Bhd’s net profit fell 87.5 per cent to RM112,000 in the third quarter ended January 31 from RM893,000 a year ago despite posting a higher revenue.
This was due to the lower gross profit margin and an increase in certain operating costs, said LKL in a statement yesterday.
LKL, which provides medical/healthcare beds, peripherals and accessories, recorded an 8.2 per cent rise in revenue to RM11.1 million in the third quarter from RM10.2 million previously, on higher sales of medical products in the trading segment.
“The uptrend in revenue is reflective of our recent additions in the trading segment as we continuously strive to become a onestop solution for our clientele and cater to the needs of the medical and healthcare sectors,” said managing director Lim Kon Lian.
“We recently secured distribution rights for selected BenQ medical products, which should result in higher sales in the trading segment as we grow to expand our network of long-term partnerships for distribution rights.”
“Selangor’s plans to build five new hospitals also bodes well for the future prospects of LKL as we are equipped to supply a wide range of medical beds, medical peripherals and accessories, as well as medical devices to meet the requirements of the healthcare industry,” he added.
For the cumulative nine months, LKL’s revenue rose 27.4 per cent to RM28.3 million from RM22.2 million previously.
Net profit fell 38.6 per cent to RM253,000 from RM412,000 a year ago.