LKL International Export Revenue Doubles To RM5.6 Million In Q3

KL International Bhd’s (LKL) export revenue has more than doubled to RM5.6 million in the third quarter (Q3) ending January 31, 2021, up from RM2.8 million the previous year.

The supplier of medical and healthcare beds, peripherals, and accessories reported that this was largely due to increased shipments of medical and healthcare beds to European distributors, as well as continuing deliveries of nitrile and latex gloves to Hong Kong to fulfil export contracts obtained in the second half of 2020.

In the third quarter, LKL’s exports accounted for 48.7 percent of overall sales, up from 20.9 percent previously.

Managing Director, Lim Kon Lian stated that the company’s exports of medical and healthcare beds to the Netherlands were critical to its Covid-19 response.

“We also target to grow our export sales further and have conducted various sales and marketing engagements with potential customers from new export markets such as United States, Canada, Pakistan and Bhutan,” he said in a statement today.

Lim stated that LKL had been fulfilling glove deliveries to Hong Kong as part of its current glove supply contracts, and that another RM270 million in orders were expected to be delivered during 2021.

“It is our goal to provide as much assistance as possible to ongoing efforts aimed at containing the pandemic,” he said.

On the domestic front, Lim said LKL would continue to explore more avenues to help the medical and healthcare sector combat Covid-19, as well as upgrade capabilities beyond the pandemic.

“Most recently, we promoted the adoption of Trace Token digital contact tracing devices in Malaysia, which would enhance Covid-19 mitigation efforts and complement the vaccination programme. 

“As a start, we are targeting sales to hospitals, factories, and construction companies within Selangor,” he said.

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