By Chen Cheng-hui / Staff reporterApparel maker Makalot Industrial Co (聚陽) on Friday reported weaker-than-expected pretax profit for last quarter, dragged by weak sales growth and gross margin contraction. Makalot operates factories in Taiwan, China, Indonesia, Cambodia, Vietnam and the Philippines. For the whole of last year, revenue increased 13.03 percent to a record NT$27.05 billion from NT$23.93 billion a year earlier, Makalot said in a regulatory filing. Pretax profit grew 25.46 percent to NT$2.45 billion last year, the highest in four years and up from NT$1.95 billion in 2018, it said. Makalot shares closed 0.32 percent higher at NT$156 on Friday in Taipei trading.

Source: Taipei Times January 19, 2020 15:56 UTC