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KUALA LUMPUR (2 September): LKL International Bhd has secured a contract for nitrile gloves worth $ 18.96 million or RM78.49 million.
In a bag presentation, LKL International said that its wholly owned subsidiary LKL Advance Metaltech Sdn Bhd was awarded a sales contract to supply nitrile gloves to an unidentified China-based company.
The contract is expected to contribute positively to your financial year ending April 30, 2021 (fiscal year 21).
“The company’s board of directors is of the opinion that the sales contract is in the normal course of business and is in the best interest of the company,” the group said.
In a separate statement, LKL International Managing Director Lim Kon Lian said the sales contract highlighted the growing recognition of the company’s brand as a supplier of quality medical / healthcare equipment to global markets.
“This sales contract would boost our contributions to exports from Asian markets and significantly improve our performance for fiscal year 21. Therefore, this important development demonstrates the benefits of expanding our export network to play a greater role in the supply of medical / sanitary equipment and related products to all regions, “he said.
LKL International ended the morning trading session half a sen or 0.54% higher at 93 sen. He saw 4.14 million shares done.
Edited by Surin Murugiah
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