Sales could achieve double-digit percentage growth this quarter, as seven new customers are expected to make a significant contribution, a Makalot investor relations official said by telephone. The new customers include Swedish fashion brand H&M and Brazilian soccer brand Athleta, company data showed. “The sharp appreciation of the New Taiwan dollar [against the US dollar] is likely to weigh on this year’s gross margin,” the official said. Sales to US customers make up nearly 80 percent of total revenue, while sales to Japan contribute 20 percent, company data showed. The firm’s gross margin was 20.42 percent last year, a company filing with the Taiwan Stock Exchange showed.

Source: Taipei Times July 18, 2017 15:56 UTC