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Apparel maker Makalot’s profit rises 25%
By Lisa Wang / Staff reporter
Apparel maker Makalot Industrial Co (聚陽實業) yesterday said that pretax profit grew more than 25 percent year-on-year last month, buoyed by a rapid recovery in demand as nations eased COVID-19 restrictions.
Profit expanded for a second consecutive month to NT$263.34 million (US$9.28 million) last month, compared with NT$210.18 billion in January last year, Makalot said in a filing with the Taiwan Stock Exchange.
That represented monthly growth of 26 percent from NT$208.85 million.
Makalot Industrial Co chairman Frank Chou is pictured at the Medical Taiwan International Medical, Health and Care Exhibition in Taipei on Oct. 15 last year. The company yesterday reported pretax profit expanded for a second consecutive month to NT$263.34 million last month, compared with NT$210.18 billion in January last year.
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Makalot Industrial Co’s (聚陽實業) board of directors yesterday priced 22 million new shares that are to be issued for a capital increase scheme at NT$136 apiece, the apparel maker said in a regulatory filing.
The price represents a discount of 30.79 percent from the closing price of NT$196.5 in Taipei trading yesterday, when the company’s shares rose 1.55 percent.
The company could raise NT$2.992 billion (US$105.02 million) in new capital from their sale, based on their pricing.
Makalot said in the filing that it plans to use part of the proceeds to pay off bank loans.
It announced the capital increase plan, the company’s
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