LKL International 3Q18 revenue surges 39.6 per cent to RM10.2 million
KUALA LUMPUR: Leading medical/healthcare beds, peripherals and accessories provider, LKL International Bhd (LKL International), saw revenue for the third quarter ended January 31, 2018 (3Q18) surge 39.6 per cent year on year to RM10.2 million from RM7.3 million previously on all-around sales growth in the domestic and export markets.
Revenue contribution from the domestic market increased 36.7 per cent to RM6.8 million in 3Q18 from RM5 million in the previous quarter. Meanwhile, 3Q18 export sales jumped 45.8 per cent to RM3.4 million compared to RM2.3 million previously.
“The improved healthcare spending from our clientele in 3Q18 is in line with ongoing efforts to upgrade current facilities as well as capacity expansions through the setup of new medical centres and the like.
“I am particularly pleased to note favourable demand uptrend for our in-house manufactured medical/ healthcare beds, peripherals and accessories. This attests to our overall competitiveness in terms of functionality and price-efficiency.
“We will continue to take measures to enhance our position as a reliable supplier to the healthcare sector, capable of fulfilling a wide range of our clients’ needs,” managing director Lim Kon Lian said.
Group 3Q18 net profit moderated to RM0.8 million from RM1.2 million a year ago mainly due to the increase operating costs associated with the group’s new subsidiary.
On the group’s future prospects, LKL International is actively seeking to distribute new medical peripherals, accessories and devices to broaden its existing product offerings to better meet customer needs. Of note, the group is eyeing distribution of higher value products to improve its product mix going forward.
“We understand that increasing our product portfolio would enable us to cater to a broader clientele, and we will intensify our efforts to this end.
The group is also constantly looking for opportunities to drive efficiency in our manufacturing operations, and may take measures that include business process reengineering, and workforce training programmes to enhance our available resources,” Lim concluded.