It has been a fruitful year for many healthcare-related companies in terms of earnings and share price gains. But LKL International Bhd’s latest set of quarterly results is a disappointment to its shareholders.
The hospital bed maker slipped into a net loss of RM1.01 million for the second quarter ended Oct 31, 2020, compared with a net profit of RM433,000 a year ago. The weak performance was attributable to a lower profit margin and an increase in certain administrative expenses, which it did not explain further.
Its manufacturing revenue fell 4.6% to RM7.21 million on lower sales of medical beds, while trading revenue was down 22.6% to RM2.41 million on the back of the weak performance of medical devices.